Crocodile Gold (CRK.TSX) reached an agreement with Armant, LLC – an affiliate
of investment funds managed by Luxor Capital Group, LP– to amend its
previously announced offer to acquire up to 215,386,435 common shares of CRK.TSX
by raising the purchase price to C$0.62 from C$0.56 per share. Crocodile Gold
also announced full-year 2011 gold production of 68,019 ounces, within the
Company's guidance of 66,000-69,000.
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