Austral Gold completes acquisition of Argentex Mining

August 19, 2016

Effective August 19, 2016, Austral Gold Limited (ASX: AGD) and Argentex Mining Corporation completed their previously announced court approved plan of arrangement under the Business Corporations Act (British Colombia), which involved the acquisition by Austral of all of the issued and outstanding shares of Argentex and Argentex becoming a wholly-owned subsidiary of Austral.

Primary Capital Inc., acting as advisor to the Special Committee of the Board of Directors of Argentex, had previously provided a verbal opinion that the terms of the arrangement were fair from a financial point of view to the Argentex shareholders. A special meeting of security holders of Argentex subsequently approved the proposed acquisition.

Peter McArthur advised Primary Capital with respect to this transaction.