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Fusies en Overnames

65 Posts
Pagina: 1 2 3 4 »» | Laatste | Omlaag ↓
  1. [verwijderd] 9 september 2010 03:53
    Anatolia Minerals in agreed deal to merge with Avoca Resources

    CANADA'S Anatolia Minerals Development said today it would merge with Avoca Resources, creating a combined $US2 billion gold miner.

    quote:

    schreef:

    It would be listed in both Toronto and Australia, be 50:50 owned by Anatolia and Avoca shareholders and have production of 600,000 ounces in calendar 2013 and 800,000 ounces two years later.
    In a joint statement, the pair the combined company would be called Alacer Gold Corp and have a combined market capitalisation of about $US2 billion ($2.2bn).

    Both boards said they would be recommending the proposed merger to their shareholders, in the absence of a superior proposal. Anatolia has its main operations in Turkey.

    Avoca managing director Rohan Williams said shareholders would benefit from greater access to capital and increased liquidity.

    "This merger clearly offers value creation and return potential exceeding that offered by Avoca and Anatolia as individual companies," he said.

    "Avoca and Anatolia's asset portfolios are highly complementary and also provide both companies with greater optionality to take advantage of the extensive exploration portfolios in both Australia and Turkey respectively."

    Under the scheme of arrangement, each Avoca shareholder will receive 0.4453 Anatolia shares for each Avoca share, representing a 9 per cent premium Avoca's last closing price yesterday of $3.34.

    Based on Avoca's 20-day volume weighted average, the premium is a larger 19 per cent.
  2. [verwijderd] 13 september 2010 20:17
    =======================================================================
    Re: News Releases - Friday, September 10, 2010
    Endeavour Completes Acquisition of 100% of Etruscan to Become
    Operating Gold Producer
    =======================================================================

    George Town, Grand Cayman, September 10, 2010 -- Endeavour Financial Corporation ("Endeavour") is pleased to announce that Endeavour and Etruscan Resources Inc. ("Etruscan") concluded the arrangement today by which Endeavour acquired all of the shares of Etruscan that Endeavour did not already own (the "Arrangement"). Effective today, Endeavour owns 100% of the outstanding shares of Etruscan.

    Neil Woodyer, Chief Executive Officer commented: "This transaction transforms Endeavour into a gold operating company and we are pleased to welcome Etruscan shareholders as shareholders of Endeavour.
    Endeavour is a gold company with unique resources and capabilities to grow into a significant intermediate gold mining company. As part of this transformation, Endeavour is proposing to change its name to Endeavour Mining Corporation at an Endeavour shareholders meeting on September 14, 2010."

    Under the Arrangement, Etruscan shareholders (other than Endeavour and its affiliates) received CDN$0.26 in cash plus 0.0932 of an Endeavour share for each Etruscan share. Information was sent today to former Etruscan shareholders explaining how to exchange their Etruscan share certificates for cash and certificates for Endeavour common shares.
    Endeavour has issued 15,401,909 shares pursuant to the Arrangement and now has 113,266,237 shares outstanding.
  3. [verwijderd] 18 september 2010 00:25
    CONTINENTAL SIGNS AGREEMENT TO BE ACQUIRED BY JINCHUAN GROUP FOR $432 MILLION

    VANCOUVER, Sept. 17 /CNW/ - Continental Minerals Corporation (TSX-V:KMK, OTCBB:KMKCF) ("Continental" or the "Company") announces that it has signed a letter agreement to be acquired (the "Acquisition") by Jinchuan Group Ltd ("Jinchuan"), a large China-based mining group for aggregate cash consideration of approximately C$432 million pursuant to an arrangement under the Business Corporations Act (British Columbia) (the "Arrangement").

    The letter agreement provides for the acquisition of 100% of Continental's approximately 166 million common shares on a fully diluted basis for C$2.60 per share. The Acquisition price of $2.60 per share to be paid to Continental securityholders represents a 13% premium to the closing trading price of Continental's common shares on September 14, 2010, the last trading day prior to this announcement, and an 18% premium to the volume weighted average trading price of Continental's common shares over the last 30 trading days ending on September 14, 2010.
  4. [verwijderd] 18 september 2010 09:35
    alweer een ouwetje,maar voor de volledigheid toch maar geplaatst.

    Kinross and Red Back Complete Business Combination

    Toronto, Canada, September 17, 2010 – Kinross Gold Corporation (TSX: K, NYSE: KGC) and Red Back Mining Inc. (TSX: RBI) are pleased to announce the completion of their previously announced plan of arrangement (the “Arrangement”).

    “Kinross will be a growth leader among senior gold producers,” said Kinross President and CEO Tye Burt. “We expect production to grow from the current combined forecast of 2.6 – 2.7 million gold equivalent ounces in 2010 to 4.5 – 4.9 million gold equivalent ounces in 2015, based on the new production expected from Kinross’ existing suite of growth projects, combined with the significantly expanded production expected from the Tasiast mine.”

    Pursuant to the Arrangement, Kinross has acquired all of the issued and outstanding common shares of Red Back that it did not previously own in a transaction valued at approximately US$7.1 billion. In accordance with the Arrangement, former Red Back shareholders are entitled to receive 1.778 Kinross common shares plus 0.11 of a Kinross common share purchase warrant for each common share of Red Back. Each whole warrant is exercisable for a period of four years at an exercise price of US$21.30 per Kinross common share. Outstanding options to acquire Red Back shares have been converted into options to acquire Kinross common shares, adjusted in accordance with the same ratio. The Red Back common shares are expected to be delisted from the TSX on or about September 22, 2010. The Kinross common shares and common share purchase warrants issued under the Arrangement are expected to be listed and trading on the TSX on the same date.
  5. [verwijderd] 20 september 2010 23:10
    September 20, 2010
    Silvermex Resources Ltd. and Genco Resources Ltd. Enter into Business Combination Agreement

    VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 20, 2010) - Silvermex Resources Ltd. (TSX VENTURE:SMR) ("Silvermex") and Genco Resources Ltd. (TSX:GGC) ("Genco") are pleased to announce that they have entered into a definitive agreement (the "Agreement") to combine their respective businesses in an all-share transaction. The transaction will create a well managed, growth-oriented silver and gold producer focused on aggressively increasing its production profile.

    The combined company will possess a fully operational mine and a substantial silver reserve and resource base. The transaction will provide shareholders with an experienced, production-focused, management team with a successful record of enhancing shareholder value. The combined company will be well capitalized with $6.2 million in cash.
  6. [verwijderd] 24 september 2010 04:43
    September 23, 2010 12:20:00 PM

    VANCOUVER, BRITISH COLUMBIA -- (Sept. 22, 2010) - Salares Lithium Inc. (TSX VENTURE: LIT.V) ("Salares") and Talison Lithium Limited ("Talison") are pleased to announce the completion of the previously announced plan of arrangement (the "Arrangement") for the merger of Salares and Talison. Effective immediately, Salares and Talison have now merged.

    Talison ordinary shares will commence trading on the TSX under the symbol "TLH" at the market open tomorrow, September 23, 2010.
  7. [verwijderd] 25 september 2010 06:09
    September 24, 2010
    Gold Hawk Provides Update on Oracle Ridge Copper Mine Acquisition

    Oracle Ridge Copper Mine Transaction Expected to Close Next Week
    VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 24, 2010) - Gold Hawk Resources Inc. (TSX VENTURE:GHK) ("Gold Hawk" or the "Company") is pleased to announce today an update on its acquisition of the Oracle Ridge Copper Mine (the "Transaction").

    Gold Hawk is purchasing 100% of the shares of 0830438 B.C. Ltd. ("Oracle Ridge"). Oracle Ridge's wholly owned US subsidiary, Oracle Ridge Mining LLC, owns the subsurface mining rights through an option to purchase and is leasing the surface mining rights necessary to explore, rebuild and operate the past producing Oracle Ridge Copper Mine located near Tucson, Arizona. Gold Hawk announced the signing of a definitive binding Share Purchase Agreement with the shareholders of Oracle Ridge on September 1, 2010. Gold Hawk has received final approval for the Transaction from the TSX Venture Exchange (the "Exchange") and intends to close the Transaction on or before September 28, 2010.

    www.goldhawkresources.com
  8. [verwijderd] 27 september 2010 18:37
    September 27, 2010
    Timmins Gold Corp. Makes Proposal to Merge With Capital Gold Corporation
    VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 27, 2010) - Timmins Gold Corp. ("Timmins Gold") (TSX VENTURE:TMM) made, on August 31, 2010, a non-binding proposal (the "Proposal") to the directors of Capital Gold Corporation ("Capital Gold") (TSX:CGC)(NYSE Amex:CGC) to merge on a negotiated basis with Capital Gold based on a value of CDN$4.50 per common share of Capital Gold ("a CGC Share") which, at the time of the Proposal and based on closing prices as of that date, equated to a share exchange ratio of 2.27 Timmins Gold shares issued for every 1 CGC Share. The Proposal represented a premium of 26% to the 20-day volume-weighted average price of CGC Shares on the Toronto Stock Exchange for the period ended August 31, 2010. Timmins Gold believes that the transaction, if completed, would result in a merger of two equal-sized companies with regional and operational synergies that would benefit both companies' shareholders by creating a mid-tier, low cost, Mexico-focused gold producer. These benefits include:

    -- complementary operating teams and exploration assets
    -- management team with proven ability to access capital markets and create
    shareholder value
    -- stronger market presence
    -- creation of a company with a larger market capitalization that would be

    www.timminsgold.com
  9. [verwijderd] 27 september 2010 18:39
    Eerst al Etruscan opgeslokt en nu alweer een overname

    Vancouver, Canada - September 27, 2010 - Endeavour Silver Corp. (TSX: EDR, NYSE-Amex: EXK, DB-Frankfurt: EJD) ("Endeavour") announced today that it intends to make an all cash offer (the "Offer") to acquire all of the outstanding common shares of Cream Minerals Ltd. ("Cream Minerals", TSX-V: CMA). The Offer and related documents are expected to be mailed to Cream Minerals shareholders next week and will be available on SEDAR at www.sedar.com at that time.

    Endeavour intends to offer shareholders of Cream Minerals Cdn$0.12 in cash for each common share, which represents a 76% premium to the average closing price of the Cream Minerals shares of $0.068 per share on the TSX Venture Exchange for the 10 trading days ending September 24, 2010, the last trading day prior to the date of this announcement. Endeavour estimates that Cream Minerals has approximately 88.3 million common shares currently outstanding.

    "The Offer price of Cdn$0.12 cash per share represents a significant premium to both the recent trading price of Cream Minerals shares and their two-year average share price. Endeavour's Offer provides full value for Cream Minerals and its main asset, the Nuevo Milenio exploration property located in Nayarit State, Mexico," stated Bradford Cooke, Chairman and CEO of Endeavour."

    "Our Offer provides all Cream Minerals shareholders with the opportunity to realize immediate value and liquidity for their shares at a substantial premium without assuming any of the risks and dilution associated with the further exploration and development of the Nuevo Milenio project, or other Cream Minerals properties. In the past year, Cream Minerals suffered 35% shareholder dilution even though the Nuevo Milenio property was optioned to another company, and still it continues to have substantial debts (approximately $2.0 million) and negative working capital."

    Complete details of the Offer will be included in the Offer, accompanying take-over bid circular and related documents that will be mailed to all Cream Minerals shareholders. Completion of the Offer will be subject to, among other things, the valid deposit under the Offer and non-withdrawal of at least 50.1% of the Cream Minerals shares on a fully-diluted basis and the absence of certain changes in Cream Minerals before completion of the Offer. Other conditions will include those typical for a transaction of this nature.
  10. [verwijderd] 27 september 2010 18:45
    September 27, 2010
    Valdez Gold Announces Proposed Acquisition of Ryan Gold
    TORONTO, ONTARIO--(Marketwire - Sept. 27, 2010) - Valdez Gold Inc. (TSX VENTURE:VAZ)("Valdez" or the "Company") announces that it has signed a non-binding term sheet with Ryan Gold Inc. ("Ryan Gold") pursuant to which the Company and Ryan Gold have agreed to enter into good faith negotiations as a result of which, if successfully concluded, will result in Valdez acquiring a 100% indirect interest in the 269 claim unit Ida Oro property located 90 km east of Dawson City, Yukon (the "Ida Oro Property") through the purchase by the Company of all of the equity of Ryan Gold from the existing security holders of Ryan Gold (the "Sellers"). As well, Ryan Gold currently has five other exploration properties located east and west of Dawson City. These properties have been staked to cover prospective geology in areas with anomalous gold stream sediment samples. In total, Ryan Gold has a 100% interest in or an option to earn a 100% interest in six properties composed of 3,117 claim units, which cover approximately 623 square kilometres of ground.

    Ryan Gold is a privately owned gold exploration company incorporated pursuant to the laws of British Columbia, focused on making a new discovery in the Yukon Territory of Canada. Ryan Gold's principal assets consist of the Ida Oro Property and cash. Ryan Gold is working closely with technical consultant Shawn Ryan to acquire new properties and explore the properties included in this transaction. The Ida Oro Property and four of the other exploration properties have been acquired or optioned by Ryan Gold from Shawn Ryan. These properties have been selected to build on Shawn's past achievements in the White Gold District. In the White Gold District Shawn Ryan is the underlying vendor of both Kinross Gold Corp.'s White Gold property (formerly owned by Underworld Resources Inc.) and Kaminak Gold Corporation`s Coffee property.
  11. [verwijderd] 28 september 2010 14:53
    September 28, 2010
    Cream Minerals Responds to Endeavour Silver Announcement
    VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 28, 2010) - Cream Minerals Ltd. (TSX VENTURE:CMA)(OTCBB:CRMXF)(FRANKFURT:DFL) ("Cream" or the "Company") wishes to advise its shareholders that the planned take-over bid for Cream's shares that was announced yesterday by Endeavour Silver ("Endeavour") was unsolicited. As previously announced, Cream has been engaged in negotiations with a number of parties in order to maximize shareholder value from its Nuevo Milenio silver-gold project. Endeavour, which was one of those parties, is seeking to short-circuit that process.
  12. [verwijderd] 29 september 2010 21:24
    OLYMPUS' STAKE OF THE BAU GOLD FIELD
    TO INCREASE TO 93.55%
    Toronto, September 28, 2010 - Olympus Pacific Minerals Inc. ("Olympus" or the "Company") (TSX: OYM, ASX: OYM, OTCBB: OLYMF, and Frankfurt: OP6). The Chairman and Chief Executive Officer David Seton is pleased to announce the Company has reached an agreement to move to 93.5% control of the Bau Gold Project, Sarawak, Malaysia purchasing an additional 43.5% of the Joint Venture Company, North Borneo Gold Sdn Bhd.
    BACKGROUND
    The Bau Gold Project (800 sq. km) was acquired by Olympus in late 2009 (see Olympus press release dated November 10, 2009 ). The Bau Gold Property has been independently assessed as having NI 43-101 gold resources of: 0.56M oz measured + indicated and 1.89M oz inferred (See Olympus Press Release, dated June 23, 2010 ). This resource includes several different mineralization styles, in multiple deposits that have to date been drilled only to shallow depth and remain open to further expansion through continuing exploration.
    Recent reprocessing of airborne DIGHEM geophysical data within a central area of the goldfield has shown several exceptionally strong conductivity anomalies at depth. These are interpreted as the expression of large, mineralized quartz vein systems extending down to more than 700m below surface. Exploration of these compelling targets commenced in early September with an initial contract for 3,000 metres of HQ diamond drilling. The 12 month program is for 7,000m of drilling in approximately 45 holes, . to explore mineralization within a deeper volcanic terrain that underlies the predominantly sedimentary surface formations.
  13. [verwijderd] 30 september 2010 21:00
    Sep 30, 2010 14:13 ET
    Shareholders Approve Merger of Jalna Minerals and Papuan Precious Metals

    VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 30, 2010) - Papuan Precious Metals Corp. (the "Company") (formerly Jalna Minerals Ltd.) (TSX VENTURE:PAU) is pleased to announce that the merger (as previously disclosed on June 1, 2010) between Jalna Minerals Ltd. and Papuan Precious Metals Corp. ("PPM") is now complete and the common shares of the amalgamated company will begin trading on the TSX Venture Exchange under the symbol PAU on October 1, 2010.

    The Company, through its wholly-owned subsidiary, owns a 100% interest in the Mt. Suckling project (the "Property") located approximately 200 km east of Port Moresby, Papua New Guinea and other properties located in Papua New Guinea.

    Under the terms of the merger, Jalna shareholders were issued, on a 1 for 4 basis, 6,128,775 shares and PPM shareholders were issued 21,934,023 shares one a 1 for 1 basis.

    Description of the Property

    The Mt. Suckling project is situated at the eastern end of New Guinea's Central Range, one of the world's premier porphyry copper belts. This belt includes several giant porphyries including Grasberg/Ertsberg (Freeport/Rio Tinto), Ok Tedi (PNG Government/Inmet), Frieda (Xstrata), Porgera (Barrick) and Wafi/Golpu (Harmony/Newcrest). The Mt. Suckling region has been by-passed by modern porphyry exploration. However, PPM's fieldwork has identified three prospective porphyry prospects in a linear belt some 19 km long and localised within the wide trace of the Keveri Fault Zone, part of the once active plate boundary between the Australian and Pacific plates.

    Lead prospect is the Urua Creek gold-copper prospect, hosted in a very young possible diatreme, a breccia filled volcanic vent that has had a direct connection to the surface. The breccia has dimensions in excess of 1,700 x 900 m. Soil gold-copper-molybdenum anomalism is coincident with the breccia, suggestive of a porphyry copper system. The breccia contains areas of both low-grade propylitic zone and high-grade phyllic zone gold-copper mineralisation. Gold-copper mineralisation in the propylitic zone in surface trenches ranges up to 33 m @ 0.17% Cu, 0.27 g/t Au and in the phyllic zone up to 36 m @ 0.72% Cu, 0.97 g/t Au (incl. 12 m @ 1.13% Cu, 2.03 g/t Au). Obvious drill targets are available.

    Ioleu Creek copper-gold prospect is located 19 km east of Urua Creek prospect. The prospect is localised within the Keveri Fault Zone and is noteworthy for a float train of large 50-60 cm diameter boulders of metabasalt containing veins of chalcopyrite. These boulders have been tracked to landslides presumably associated with fractures of the Keveri Fault Zone. Their angularity indicates that they are sourced locally. A widespread area of pannable gold is coincident with the train of copper boulders. Detrital gold is fine-grained (< 0.5 mm size) and angular, again suggestive of limited transport and a local source. A 3 km2 area of intense pervasively argillised gabbro with localised development of haematite stockwork is associated with an 880 m x 1,200 m copper-platinum-palladium soil anomaly and appears to be offset to the west from the area shedding chalcopyrite-bearing boulders.

    The recently identified Araboro Creek prospect is distinctive for its cluster of nested circular features. It is located in the linear belt that incudes the Urua Creek and Ioleu Creek porphyry prospects and appears to be another intrusive centre localised along the Keveri Fault Zone. Historical sampling located a quartz-sulphide sample carrying 1.3% Cu 0.14 g/t Au, apparently sourced from the circular feature.

    Financing

    In addition to the first tranche of the financing announced in its news release dated June 1, 2010, which raised gross proceeds of $6,735,601 through the issuance of subscription receipts for the purchase of 22,452,003 Units, the Company will complete a second tranche of the financing in an amount of $1,000,000 by issuing an additional 3,333,333 Units at $.30 per Unit. Each Unit consists of a post (four for one) consolidated share and warrant to purchase an additional post consolidated share for 3 years at $0.40 per share. The Units will be subject to a standard four month hold period. A cash finder's fee of 7% and compensation warrants of 7% will be paid to finders in accordance with Exchange policies.

    Change in Board

    In addition to the current board consisting of three directors, the board of the Company upon completion of the Acquisition will be increased to 6 and the following directors of PPM will be added to the board of the Company.

    Dr. David Lindley:

    Dr. Lindley has spent over 25 years predominantly in Papua New Guinea (PNG) working with some of PNG's largest mining companies. His experience ranges from initial discoveries through definition of resources and reserves, feasibility and statutory permitting to the granting of mining leases. He brings with him an extensive knowledge of the geology, mineralization, government liaisons and the indigenous culture of PNG. Dr. Lindley has BSc (Hons) and PhD degrees from the University of New South Wales, Australia, and is a Member of the Australian Institute of Geoscientists.

    Christopher Cornelius:

    Dr. Chris Cornelius has spent over 20 years as a senior executive working throughout the international natural resource sector and in the E & P sector, and has more recently advised major financial institutions and blue-chip executive teams on global growth strategies. He holds a B.Sc from Manchester University and PhD from Aston University in Geology and is an Adjunct Professor at the University of British Columbia. He is currently the Chief Executive of Cuadrilla Resources Holdings Ltd, Europe's leading independent Shale Gas exploration company.

    Anthony Kelly:

    Mr. Kelly is a former investment banker with over 30 years of banking, corporate strategy, capital markets, mergers and acquisitions and corporate finance experience in Australia, Europe and international markets. Mr. Kelly holds a B. Juris and LLB from the University of New South Wales, and an MBA from Columbia University Graduate School of Business.

    A National Instrument 43-101 technical report on the Property has been prepared for the Company and PPM by Peter T. Goldner (BSc.[Hons] Geology, FAusIMM, FAIG, CPGeo). Mr. Goldner is a qualified person and independent of the Company and PPM, in accordance with National Instrument 43-101. A copy of the technical report has been filed on SEDAR. Mr. Goldner is also responsible for the technical matters pertaining to the Property as set out in this news release.

    Haywood Securities Inc. acted as the Company's sponsor for the transaction, for which it received a sponsorship fee of $25,000. Additional details regarding the transaction are provided in the Company's Information Circular dated August 19, 2010 available on Sedar.

    ON BEHALF OF THE BOARD

    Devinder Randhawa, President
  14. [verwijderd] 1 oktober 2010 21:22

    Gammon Gold and Capital Gold Sign Definitive Merger Agreement


    TORONTO and NEW YORK, October 1, 2010 /PRNewswire-FirstCall/ -- Gammon Gold Inc. ("Gammon Gold") (NYSE: GRS, TSX: GAM) and Capital Gold Corporation ("Capital Gold") (TSX and NYSE AMEX: CGC) have entered into a definitive merger agreement pursuant to which Gammon Gold will offer to acquire all of the issued and outstanding common shares of Capital Gold in a cash and share transaction (the "Acquisition"). The total consideration for the purchase of 100% of the fully diluted in-the-money shares of Capital Gold is approximately US$288 million or US$4.57 per Capital Gold share based on Gammon Gold's closing price on September 24, 2010 on the NYSE.

    The Acquisition has the unanimous support of both companies' Boards of Directors and Officers and strengthens Gammon's position as a leading Mexico focused, growing gold producer.

    Under the terms of the Acquisition, each common share of Capital Gold will be exchanged for 0.5209 common shares of Gammon Gold and a cash payment in the amount of US$0.79 per share. Based on the September 24, 2010 closing price of Capital Gold's shares on the NYSE AMEX, the acquisition price represents a 20% premium to the close on September 24th and a 30% premium to the 20-day volume weighted average price on the NYSE AMEX ending on that date.

    Capital Gold owns and operates the El Chanate gold mine located in Sonora, Mexico as well as the Orion development project in Nayarit, Mexico.
  15. [verwijderd] 19 oktober 2010 08:38
    Destijds gesplitst in twee, nu weer samen in één:)
    zoiets van opnw trouwen met eerdere partner:)

    October 18, 2010
    Oro Silver Receives Court Approval for Merger With Oro Gold
    VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 18, 2010) - Oro Silver Resources Ltd. ("Oro Silver" or the "Company") (TSX VENTURE:OSR) is pleased to announce that the Company received today final approval from the Supreme Court of British Columbia regarding the previously announced business combination with Oro Gold Resources Ltd. (the "Transaction"). The Transaction remains subject to certain conditions, including the final approval of the TSX Venture Exchange (the "Exchange").

    It is anticipated that the last trading day of Oro Silver securities will be Wednesday, October 20, 2010. Oro Silver will be requesting a trading halt of the Company's securities for Thursday, October 21, 2010.
  16. [verwijderd] 19 oktober 2010 08:47
    October 19, 2010 5:00PM

    MINMETALS Resources has agreed to buy Australia-based Minerals & Metals Group from its parent for $US1.85 billion ($1.9bn).

    Minmetals Resources said in a statement it plans to give its controlling shareholder, China Minmetals Non-Ferrous Metals Co, a combination of cash, shares and convertible securities to acquire the unlisted company.

    Melbourne-based MMG is a producer of zinc, copper, lead, gold and silver. It was formed in June 2009 after state-owned China Minmetals Non-Ferrous Metals bought most of OZ Minerals’ assets for $US1.39bn.

    MMG operates the Century, Golden Grove, and Rosebery mines in Australia, as well as the Sepon mine in Laos. It also owns a portfolio of exploration projects in Australia and Canada.

    The deal is subject to shareholders' approval, the statement said.
  17. [verwijderd] 25 oktober 2010 11:57
    October 25, 2010
    Quantum Receives Final TSXV Acceptance for Acquisition of Elk Creek and Increases Private Placement
    VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 25, 2010) - Quantum Rare Earth Developments Corp. (TSX VENTURE:QRE)(PINK SHEETS:QREDF)(FRANKFURT:BR3) ("Quantum", the "Company") announces that further to its news release of May 4, 2010, it has received final acceptance from the TSX Venture Exchange, subject only to the completion of the private placements described below, for the acquisition of all the issued and outstanding shares of 0859404 B.C. Ltd. ("B.C. Ltd.") a private British Columbia company. BC Ltd.'s wholly owned Nebraskan subsidiary Elk Creek Resources Corp. has secured individual Exploration Lease and Option to Purchase agreements to explore, evaluate and acquire the mineral rights to the Elk Creek carbonatite, located in southeastern Nebraska. The agreements are in the form of five prepaid leases, with an option to purchase the mineral rights at the end of the lease. The acquisition will be completed by way of a three cornered amalgamation between the Company, it's wholly owned subsidiary 08886338 B.C. Ltd. and B.C. Ltd. pursuant to which the Company will issue 18,990,539 shares to the shareholders of B.C.Ltd. On closing of the amalgamation, the Company will pay a finder's fee of 1,034,348 common shares to Lockwood Financial Ltd. of Calgary, Alberta.
  18. [verwijderd] 25 oktober 2010 23:01
    October 25, 2010
    Perilya Commences Take-Over Bid for GlobeStar
    TORONTO, ONTARIO--(Marketwire - Oct. 25, 2010) - GlobeStar Mining Corporation ("GlobeStar") (TSX:GMI) today announced that Perilya Limited ("Perilya"), through its direct wholly-owned subsidiary, Perilya Canada Limited, has commenced its offer for GlobeStar (the "Offer") and mailed the Offer and take-over bid circular. The directors' circular of the Board of Directors of GlobeStar has been concurrently mailed with the Offer and take-over bid circular. On October 22, 2010, GlobeStar and Perilya reached an agreement for Perilya to make the Offer to acquire all of the issued and outstanding common shares of GlobeStar for Cdn.$1.65 in cash per common share.

    GlobeStar's board of directors, after consulting with its financial and legal advisors, has unanimously determined that the Offer is fair, from a financial point of view, to the holders of GlobeStar common shares and is in the best interests of GlobeStar and recommends acceptance of the Offer by such holders.
  19. [verwijderd] 27 oktober 2010 18:00
    October 27, 2010
    Orex Acquires an Advanced Stage Gold Project in Sweden
    VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 27, 2010) - Orex Minerals Inc. (TSX VENTURE:REX) is pleased to announce that it has signed an agreement with Northland Resources S.A. (TSX:NAU)(OSE:NAUR) to buy Northland's Barsele Gold project in Sweden. The total consideration is valued at a minimum of USD 15.5 million, and includes cash and shares on signing, as well as deferred cash and share payments, investments in the project and a 2% Net Smelter Royalty (NSR).

    The Barsele Project is located some 40 kilometres southeast of the town of Storuman in Vasterbottens Lan, a regional district of northern Sweden approximately 600 km due north of Stockholm. The geographic coordinates for the Project are approximately 65 degrees 05' north latitude and 17 degrees 30' east longitude.
  20. [verwijderd] 1 november 2010 22:57
    Good Afternoon,
    Please find contained in the attachment the news release announcing the plan of arrangement, for the acquisition of Western Standard Metals by Terraco Gold Corp. (TSXV:TEN) in an all-share transaction.

    Highlights of the plan of arrangement include & combine:

    v 100% ownership of in Almaden Gold Project in Idaho which contains a measured and indicated gold resource of 864,000 ounces and an inferred resource of 84,000 ounces (National Instrument 43-101 compliant).

    v 100% ownership of the Moonlight Project which adjoins the Barrick Gold Corp. / Midway Gold Corp. Spring Valley joint venture which has an National Instrument 43-101 compliant gold resource of 1,835,000 ounces.

    Details of the plan of arrangement include:

    v Under the plan of arrangement, Western shareholders will receive 0.75 common shares of Terraco for each Western common share held.

    v The outstanding Western warrants will be adjusted so that, upon exercise subsequent to completion of the transaction, for each Western share that would previously have been issued, the warrantholder will receive 0.50 of a common share of Terraco.

    v The outstanding options to purchase Western shares will be adjusted so that, upon exercise subsequent to completion of the transaction, for each Western share that would previously have been issued, the optionholder will receive 0.75 of a common share of Terraco.

    v Terraco will issue approximately 38.41 million common shares to acquire all of the currently outstanding Western common shares and approximately 22.75 million Terraco warrants and options to acquire all of the currently outstanding Western warrants and options.
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