Gold City set to acquire Cyn-Tech

In a move to raise exploration funds for its projects in British Columbia, Gold City Mining (VSE) intends to issue a takeover bid for all the shares of Consolidated Cyn-Tech Ventures (VSE).

The takeover is subject to completion of a due diligence review, as well as cancellation of Cyn-Tech’s proposed purchase of certain oil and gas royalties and a private placement.



Exchg Vol(000s) Close

Asia Pac Res T 7846 $7 3/8

Castle Rock V 6823 106

First Western V 5686 100

Placer Dome T 4809 $32 5/8

Barrick Gold T 4093 $35

TVX Gold Inc T 3959 $8 7/8

Whiskey Creek V 2396 44

Golden Arch V 2260 44

Sherritt T 2174 $19 3/4

Inco Ltd T 2174 $50


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