Brigus Gold Formed from Apollo Gold and Linear Gold

Company: 
Apollo Gold

Brigus Gold Corp. (NYSE Amex: BRD) announced the business combination of Apollo Gold and Linear Gold on June 25, 2010. The arrangement included a one-for-four consolidation of Apollo shares, with Linear shareholders receiving 1.37 shares for each share of Brigus. Post-consolidation Brigus has 129 million basic shares outstanding and 176 million fully diluted shares. Wade Dawe is Brigus’ new CEO. The new business combines the gold producing Black Fox mine and mill, with advanced gold properties, and an improved financial and corporate structure and trading exchange capability. The combination improves the potential for increasing cash flow, successful exploration and expanding resources.