MINING MARKETS & INVESTMENT NEWS — Placer absorbs Lassie Red Lake

Lassie Red Lake Gold Mines, formerly listed on the Canadian Dealing Network under the symbol LRLG, has merged with a subsidiary of Placer Dome (PDG-T)

Minority shareholders of Lassie Red Lake voted 95.1% in favor of the merger. As a result, the Placer Dome subsidiary becomes the controlling shareholder.

All Class A preferred shares issued to Lassie Red Lake shareholders can be redeemed for $1.50 per share. American shareholders will receive the equivalent in U.S. funds.