Replies to post #373 on St Andrew Goldfields (SAS)

[geodan]

Hi Nsom, I sold about 15% at .315 or so yesterday, but think it being the lowest day for gold in 6 years, that STADF should go higher. So am holding.

Kirklands EV/EBITDA is not as good at STADF but Kirk has higher growth and seems to be hitting bonanza grade lately. Truthfully do not know it all that well. For STADF to do the deal, and it is a deal, they must think highly of Kirk stock.

[NYBob]

Kirkland Lake Gold Creates An Ontario-Focused Intermediate Gold Producer With The Acquisition Of St Andrew Goldfields -
Toronto, Ontario (November 16, 2015) -

Kirkland Lake Gold Inc. ("Kirkland Lake" ) (TSX:KGI) and St Andrew Goldfields Ltd. ("St Andrew") (TSX:SAS)(OTCQX:STADF)
are pleased to announce that they have entered into a binding
definitive agreement (the "Agreement") whereby Kirkland Lake will
acquire all of the outstanding common shares of St Andrew pursuant
to a plan of arrangement (the "Transaction") to create a multi-asset,
Ontario-focused, intermediate gold producer.

Under the terms of the Agreement, common shareholders of St Andrew will receive 0.0906 of one common share of Kirkland Lake (the "Exchange Ratio") for each St Andrew common share held. The Exchange Ratio represents the equivalent of C$0.47 per St Andrew common share, based on the closing price of Kirkland Lake on November 16, 2015. The Exchange Ratio implies a 46% premium based on both companies' 20-day volume-weighted average prices and a 25% premium to St Andrew's closing price, both as at November 16, 2015 on the Toronto Stock Exchange. The Exchange Ratio implies a total equity value of approximately C$178 million on a fully diluted in-the-money basis.

Upon completion of the proposed Transaction, existing Kirkland Lake and St Andrew shareholders will own approximately 71% and 29% of the combined company, respectively.

Highlights of the Combined Company

http://www.sasgoldmines.com/s/NewsReleases.asp?ReportID=730487&_Type=News-Releases&_Title=Kirkland-Lake-Gold-Creates-An-Ontario-Focused-Intermediate-Gold-Producer-Wi



Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
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