Sino Gold (ASX:SGX) in Talks to Merge with Eldorado (TSE:ELD)

  Sydney, Australia, Aug 27, 2009 - (ABN Newswire) - Canada's Eldorado Gold (TSE:ELD) plans to make a scrip takeover bid of Australia based Sino Gold (ASX:SGX), offering 0.55 of its shares for each Sino Gold share, valuing China-focused gold miner at A & #36;2.2 billion. If the deal proceeds it will create a merged company with a market capitalisation of about & #36;US6 billion, similar to Australia's second largest gold producer Lihir Gold Ltd (ASX:LGL).  

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