Alexis Acquires Control of Garson Gold Corp. and Extends Offer

 @ibtimes
on December 21 2009 3:42 PM

ALEXIS MINERALS CORPORATION and GARSON GOLD CORP.are pleased to announce that Alexis has been successful in its bid to acquire Garson Gold Corp. A total of 149,408,011 common shares of Garson Gold were tendered to the Offer. This result represents overwhelming support for the Offer. Garson Gold shareholders who tendered to the offer will receive 0.29 of an Alexis common share for each Garson Gold common share tendered.

Alexis has taken up all of the deposited common shares and intends to issue Alexis common shares in payment for the tendered Garson Gold common shares on Wednesday, December 23, 2009. Accordingly, Alexis will hold approximately 85.8 percent of the issued and outstanding common shares of Garson Gold.

In order to allow for the remaining Garson Gold common shares to be tendered to the Offer and facilitate the issue of Alexis common shares to the remaining Garson Gold shareholders who have not tendered to date, Alexis has extended its Offer to purchase the balance of the Garson Gold common shares until 5:00 p.m. (Toronto time) on December 31, 2009. Alexis intends to mail a notice of extension with respect to the Offer as soon as practicable. The notice of extension will also be available on SEDAR at www.sedar.com. Garson Gold shareholders are encouraged to tender their remaining common shares to the Offer as soon as possible to receive prompt payment.

Alexis intends to initiate the required actions that will result in Alexis owning 100% of the Garson Gold common shares.

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