Sunday, April 17, 2011 11:21:39 PM
April 7th, 2011
Pilot Gold Inc. ("Pilot Gold" or the “Company”) is pleased to report that the previously announced plan of arrangement involving the Company, Fronteer Gold Inc. ("Fronteer") and Newmont Mining Corporation (the “Arrangement”) was completed effective April 6, 2011. As a result of the completion of the Arrangement, Pilot Gold became a reporting issuer in each of the provinces of Canada. The Toronto Stock Exchange (the "TSX") has approved the listing of the common shares of Pilot Gold and the Company expects that the Pilot Gold common shares will commence trading on Monday, April 11, 2011 under the stock symbol "PLG".
Pilot Gold owns, and will be engaged in, the exploration and potential development of 15 exploration properties previously held by Fronteer. These projects include Halilaga, an early-stage copper-gold porphyry deposit and TV Tower, a series of high-sulphidation gold systems, both located in northwestern Turkey. In Nevada, the Company's Regent project is a low sulphidation gold system with a historic, shallow gold deposit with potential for discovery of additional high-grade, vein-hosted mineralization.
Technical reports on Halilaga, TV Tower and Regent have been electronically filed with regulators concurrent with the filing of this news release and are available for viewing on the SEDAR website (www.sedar.com) under Pilot Gold’s Issuer Profile.
For further information with respect to the Arrangement, please refer to Fronteer Gold’s Management Information Circular, dated March 2, 2011 and posted on SEDAR (www.sedar.com) under Fronteer Gold’s Issuer Profile. The Information Circular is also filed under the Company's SEDAR profile. Appendix E to the Information Circular contains information relating to Pilot Gold and its business operations.
http://pilotgold.com/news/pilot-gold-announces-listing-tsx
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