Nevada's Midway Gold Corp. (TSX-V:MDW) has cancelled its proposed acquisition of Vancouver-based Golden Predator Mines Inc. (TSX:GP).
The all-share deal, announced in mid-July, would have expanded Midway's portfolio of Nevada gold properties. Golden Predator owns the Springer gold project in northwestern Nevada.
As part of the deal, its shareholders were to receive one Midway share for each of their Golden Predator shares, which values the deal at approximately $60 million.
Golden Predator's share price range during the past week: between $0.88 and $1.09; 52-week high: $2.74; 52-week low: $0.75.