Alexis Minerals Corporation (TSX:AMC) and Garson Gold Corp. (TSX VENTURE:GG) jointly announced today that the companies have entered into a definitive support agreement. The pursuant to aggreement, Alexis Minerals, will offer to acquire all of the outstanding common shares of Garson which are not currently held by Alexis in exchange for Alexis common shares.

The press release is quoted as saying:

Alexis has agreed to offer shareholders of Garson, other than Alexis, (the “Shareholders”) 0.29 of an Alexis common share for each Garson common share held. The consideration under the Offer is valued at $0.1325 and represents a 79.5% premium to Shareholders using the 20-day volume weighted average prices of both companies (Alexis: $0.4569, Garson: $0.0738) and a 41.9% premium using closing prices on October 19, 2009 (Alexis: $0.465, Garson: $0.095).

Click here to access the entire press release

Click here to access Alexis Mineral’s Corporate Site 

Click here to access Garson Gold’s Corporate Site
 

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