Canyon Resources Corp (CAU)

[giabull]

Canyon Resources calls meeting to vote on merger
Wednesday January 23, 3:41 pm ET

Canyon Resources Corp. has called a special meeting of shareholders to vote on the company's merger with a Canadian company.

The Golden-based gold miner (AMEX: CAU - News) agreed in November to merge with Vancouver-based Atna Resources Ltd. in a deal valued at nearly $26 million.

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The meeting will be 3 p.m. March 6 at Table Mountain Inn, 1310 Washington Ave., Golden.

The merged company will focus on gold mining efforts in the West. Atna owns a stake in gold mines in Nevada, while Canyon owns mines in Nevada and California.

Jim Hesketh, president and CEO of Canyon, will become president and chief operating officer of the merged company. David Watkins of Atna will remain CEO and chairman. David Suleski, CFO of Canyon, will assume the same role at Atna.

Canyon will drop off the American Stock Exchange if the merger goes through. Atna, which also trades in the United States as ATNAF on the Over-the-Counter market, said it does not qualify for an AMEX listing because its stock trades for less than $2 a share.

Published January 23, 2008 by The Denver Business Journal