Takara, Garson Enter Into Strategic Alliance, With Share and Property Swap

Takara Resources, Inc. and Garson Gold Corp. have put together a strategic alliance, cemented by Takara taking 10 million shares of Garson in exchange for Takara's interest in five B.C. gold properties. The news release contains the details of this new arrangement, and notes that Takara plans to distribute the Garson shares to its own shareholders.

Takara has not traded so far today; its bid - ask is 3 cents - 4 cents. It last closed yesterday at 3.5 cents. Garson's last trade was at 5.5 cents, leaving it unchanged since yesterday; its bid - ask is 5 - 5.5.

Takara's Google Finance web page is here, and Garson's is here.

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