Wednesday, February 22, 2006 ANDEAN RESOURCES LIMITED and KINGSGATE CONSOLIDATED LIMITED Gold miner Kingsgate Consolidated Ltd has made an A$105 million takeover bid for junior explorer Andean Resources Ltd—without its chief executive's knowledge. Kingsgate has offered one share for every 15 Andean shares held, in a bid to secure Andean's flagship Cerro Negro gold project in Argentina. The offer values Andean shares at 39.1 cents, which is a 22 percent premium to Andean's last trading price. (See Australian Associated Press:
Kingsgate launches an A$105 million takeover for Andean Resources
) Property: CERRO NEGRO
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Wednesday, February 22, 2006
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