TORONTO, Jan. 25, 2012 /CNW/ - Standard & Poor's will make the following
changes in the S&P/TSX Canadian Indices:
The shareholders of Minera Andes Inc. (TSX:MAI) and US Gold Corp.
(NYSE: UXG) have approved the business combination between the two
companies. Minera Andes will be removed from the S&P/TSX Global Mining
Index after the close of Thursday, January 26, 2012. Following the
acquisition of Minera Andes Inc., US Gold Corp. will change its name to
McEwen Mining Inc. and its ticker symbol to MUX. The GICS
classification of US Gold Corp. will change from 15104030 to 15104040
effective at the same time as the acquisition of Minera Andes. US Gold
Corp. will be removed from the S&P/TSX Global Gold Index as a result of
the GICS change. The relative weight of McEwen Mining Inc. will
increase in the S&P/TSX Global Mining Index to reflect the issuance of
shares as part of the acquisition of Minera Andes Inc.
Company additions to and deletions from an S&P equity index do not in
any way reflect an opinion on the investment merits of the company.
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