Dominion Lending Centres Clearlease Reports Gammon Gold Inc. (TSX:GAM) has completed the acquisition of Capital Gold Corporation (TSX:CGC; NYSE AMEX:CGC)

Dominion Lending Centres Clearlease Reports Gammon Gold Inc. (TSX:GAM) has completed the acquisition of Capital Gold Corporation (TSX:CGC; NYSE AMEX:CGC)

TORONTO – (April 11, 2011) Clearlease.com Reports Gammon Gold Inc. (TSX:GAM) has completed the acquisition of Capital Gold Corporation (TSX:CGC; NYSE AMEX:CGC), expanding its presence in the Mexican gold and silver mining industry.

Toronto-based Gammon said late Friday it had closed the deal a week after Capital Gold shareholders voted 82 per cent to approve the friendly takeover of the company by Gammon.

Gammon successfully fought off Timmins Gold Corp. (TSXV:TMM) of Vancouver, which had tried to persuade New York-baased Capital Gold to back a rival bid.

With Capital Gold’s El Chanate mine contributing to production immediately and El Cubo ramping up to full-scale production, Gammon said it will soon be operating three fully owned mines in Mexico.

As well, Gammon will advance two development projects and handle a portfolio of exploration properties.

“We are pleased to complete the acquisition of Capital Gold with the support of Capital Gold’s shareholders,” Gammon president and CEO Rene Marion said in a release after stock markets closed.

“Gammon’s operational experience and robust cash flow profile will allow our team to immediately enhance operations at El Chanate and accelerate the development of the underground Orion project.”Dominion Lending Centres Clearlease Reports Gammon Gold Inc. (TSX:GAM) has completed the acquisition of Capital Gold Corporation (TSX:CGC; NYSE AMEX:CGC)

TORONTO – (April 11, 2011) Clearlease.com Reports Gammon Gold Inc. (TSX:GAM) has completed the acquisition of Capital Gold Corporation (TSX:CGC; NYSE AMEX:CGC), expanding its presence in the Mexican gold and silver mining industry.

Toronto-based Gammon said late Friday it had closed the deal a week after Capital Gold shareholders voted 82 per cent to approve the friendly takeover of the company by Gammon.

Gammon successfully fought off Timmins Gold Corp. (TSXV:TMM) of Vancouver, which had tried to persuade New York-baased Capital Gold to back a rival bid.

With Capital Gold’s El Chanate mine contributing to production immediately and El Cubo ramping up to full-scale production, Gammon said it will soon be operating three fully owned mines in Mexico.

As well, Gammon will advance two development projects and handle a portfolio of exploration properties.

“We are pleased to complete the acquisition of Capital Gold with the support of Capital Gold’s shareholders,” Gammon president and CEO Rene Marion said in a release after stock markets closed.

“Gammon’s operational experience and robust cash flow profile will allow our team to immediately enhance operations at El Chanate and accelerate the development of the underground Orion project.”Dominion Lending Centres Clearlease Reports Gammon Gold Inc. (TSX:GAM) has completed the acquisition of Capital Gold Corporation (TSX:CGC; NYSE AMEX:CGC)

TORONTO – (April 11, 2011) Clearlease.com Reports Gammon Gold Inc. (TSX:GAM) has completed the acquisition of Capital Gold Corporation (TSX:CGC; NYSE AMEX:CGC), expanding its presence in the Mexican gold and silver mining industry.

Toronto-based Gammon said late Friday it had closed the deal a week after Capital Gold shareholders voted 82 per cent to approve the friendly takeover of the company by Gammon.

Gammon successfully fought off Timmins Gold Corp. (TSXV:TMM) of Vancouver, which had tried to persuade New York-baased Capital Gold to back a rival bid.

With Capital Gold’s El Chanate mine contributing to production immediately and El Cubo ramping up to full-scale production, Gammon said it will soon be operating three fully owned mines in Mexico.

As well, Gammon will advance two development projects and handle a portfolio of exploration properties.

“We are pleased to complete the acquisition of Capital Gold with the support of Capital Gold’s shareholders,” Gammon president and CEO Rene Marion said in a release after stock markets closed.

“Gammon’s operational experience and robust cash flow profile will allow our team to immediately enhance operations at El Chanate and accelerate the development of the underground Orion project.”



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