Pediment and Argonaut Announce New Meeting Dates

Argonaut Gold Inc. (TSX:AR) ("Argonaut") and Pediment Gold Corp.
(TSX:PEZ)(OTCBB:PEZGF) ("Pediment") announce that, further to their November 22,
2010 announcement of the extension of the deadline for the completion of their
business combination transaction from December 23, 2010 to January 31, 2011, the
meetings of Argonaut and Pediment shareholders to approve the transaction have
now been rescheduled to take place on January 24, 2011. The extension of the
completion deadline was implemented to allow Pediment and Argonaut time to
investigate proposed amendments to the local environmental laws in the State of
Baja California Sur, Mexico the ("BCS") which, if implemented, could adversely
affect Pediment's ability to secure a building licence for the development of
its San Antonio Project as currently envisioned.


Based on the information received to date, the parties understand that the
legislation, as originally proposed, has not been approved by the Governor and
the Governor has stated publicly that it will not be approved in its current
form. The current sitting of the BCS legislature has now ended. The legislature
is not expected to resume sitting until March 2011, at which time new members
and a new Governor will be sworn in following elections. There can be no
certainty with respect to future legislative action, however, Pediment and
Argonaut have held meetings with a variety of local stakeholders and legislators
and believe there is broad opposition to the proposed legislation and support
for the San Antonio Project.


Forward Looking Information

This news release contains forward looking statements of Argonaut and Pediment,
within the meaning of the U.S. Private Securities Litigation Reform Act of 1995
and within the meaning of applicable Canadian provincial securities legislation.
Forward-looking statements are statements which are not historical facts,
including, without limitation, statements regarding the proposed acquisition of
Pediment by Argonaut, the proposed amendments to the laws affecting mining
projects in Mexico and the likely impact of those proposed amendments on
Pediment's business and prospects. There can be no assurance that such
statements will prove accurate. Such statements are necessarily based upon a
number of assumptions that are subject to numerous risks and uncertainties that
could cause actual results and future events to differ materially from those
anticipated or projected. Important factors that could cause actual results to
differ materially from Argonaut's or Pediment's expectation are in the documents
filed by Argonaut and Pediment, respectively, from time to time with the Toronto
Stock Exchange and provincial securities regulators, most of which are available
at www.sedar.com. Other than as required by applicable securities legislation,
Argonaut and Pediment disclaim any intention and assumes no obligation to revise
or update any forward-looking statement even if new information becomes
available, as a result of future events or for any other reason.

Argonaut Gold (TSX:AR)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024