CI-X (at $0.14) has risen by more than 20.00% since your last alert.
2:24 PM 15/06/2010
Some data delayed up to 20 minutes
CI-X
Your % value: 20.00%
Last alert price: 0.11
Net Change: 0.01
% Change: 28.57
Last Price: $0.14
High: $0.14
Low:: $0.14
Volume: 2,000
LTH-X (at $0.13) has risen by more than 20.00% since the previous close.
2:22 PM 15/06/2010
Some data delayed up to 20 minutes
LTH-X
Your % value: 20.00%
Prev Close: $0.11
Net Change: 0.03
% Change: 23.81%
Last Price: $0.13
Volume: 31,500
Premier Gold acquires Saddle Gold for cash, shares
2010-06-15 11:59 MT - News ReleasMr. Ewan Downie reports
PREMIER COMPLETES ACQUISITION OF SADDLE GOLD
Premier Gold Mines Ltd. has closed its previously announced acquisition of Saddle Gold Inc. Saddle Gold owns, among other things, the mineral rights in respect of a majority portion of the Saddle Gold deposit and a 1.5-per-cent production royalty on the Emigrant Springs deposit, both located in the Elko county of Nevada.
The total purchase price paid by Premier for all of the outstanding securities of Saddle Gold was $24-million (U.S.), with Premier paying a total of $3.1-million (U.S.) in cash and issuing a total of 5,442,357 common shares at a deemed price of $4 (Canadian) per share to the stockholders of Saddle Gold.
The Saddle acquisition was completed by way of a merger transaction whereby, among other things, a wholly owned Delaware subsidiary of Premier merged with and into Saddle Gold, pursuant to the applicable provisions of the Delaware General Corporation Law. Following the completion of the Saddle acquisition, Premier holds all of the assets and liabilities of Saddle Gold, including outstanding debt in the principal amount of $12-million (U.S.), pursuant to a 5-per-cent promissory note issued by Saddle Gold through its wholly owned Delaware subsidiary, Premier Gold Mines USA Inc. The Saddle debt is secured against, among other things, the Saddle property and the Emigrant Springs royalty. It is payable on a declining balance from Aug. 5, 2009, with the last principal and accrued interest payment due on Aug. 5, 2016.
The Saddle property is located in the heart of the Carlin trend. Saddle is host to the extension of the Rain mine deposit that was previously mined by Newmont Mining Corp. by open-pit and underground methods. The Saddle Gold deposit, the majority of which sits on the Saddle property, is host to a significant historic gold resource and is in close proximity to Newmont's Emigrant Springs deposit (see Premier's press release in Stockwatch dated June 7, 2010).
Stonecap Securities acted as Premier's exclusive financial adviser with respect to the Saddle Gold acquisition.
We seek Safe Harbor.
Largest 1 Day Advance | ||||
Company | Symbol | Latest Price | Change | |
Net | % | |||
Metamedia Capital Corp. | MME-X | 0.020 | 0.010 | 200.000 |
Multivision Communications | MTV-X | 0.020 | 0.010 | 50.000 |
Prospector Cons Intl Res | PRR-X | 0.020 | 0.010 | 50.000 |
Western Troy Cap Res Inc | WRY-X | 0.400 | 0.110 | 37.930 |
Odyssey Petroleum | ODE-X | 0.020 | 0.010 | 33.330 |
Barker Minerals | BML-X | 0.040 | 0.010 | 33.330 |
Parkland Energy Services | PKE-X | 0.200 | 0.050 | 33.330 |
China Coal Corporation | CKO-X | 0.400 | 0.100 | 33.330 |
Archer Petroleum Corp. | ARK-X | 0.420 | 0.100 | 29.230 |
Andina Minerals | ADM.WT-X | 0.270 | 0.060 | 28.570 |
Franchise Services of North Am | FSN-X | 0.230 | 0.050 | 27.780 |
New Global Ventures | NNG-X | 0.140 | 0.030 | 27.270 |
Ginger Beef Corp. | GB-X | 0.100 | 0.020 | 26.670 |
Emerald Bay Energy Inc | EBY-X | 0.050 | 0.010 | 25.000 |
Sphere Resources | SPH.H-X | 0.030 | 0.010 | 25.000 |
Sedex Mining | SDN-X | 0.030 | 0.010 | 25.000 |
Nuvolt | NCO-X | 0.130 | 0.030 | 25.000 |
iPerceptions | IPE-X | 0.100 | 0.020 | 25.000 |
Cadomin Capital | CDK.H-X | 0.030 | 0.010 | 25.000 |
Flying A Petroleum Ltd. | FAB-X | 0.080 | 0.020 | 23.080 |
Most Active | |||||
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Net | % | ||||
Spider Resources | SPQ-X | 13,389,179 | 0.170 | 0.030 | 17.860 |
KWG Resources Inc. | KWG-X | 9,774,987 | 0.120 | -0.010 | -4.000 |
Iberian Minerals | IZN-X | 6,510,369 | 0.490 | -0.030 | -5.770 |
Western Energy Services | WRG-X | 4,298,266 | 0.230 | 0.000 | 0.000 |
Roadrunner Oil & Gas | ROA-X | 3,444,560 | 0.230 | 0.020 | 9.760 |
Sidon Intl Res Corp | SD-X | 3,027,100 | 0.060 | 0.010 | 20.000 |
Logan Copper Inc. | LC-X | 2,779,200 | 0.010 | -0.010 | -50.000 |
AndeanGold | AAU-X | 2,323,000 | 0.020 | -0.010 | -25.000 |
Gold Bullion Development | GBB-X | 1,952,331 | 0.570 | 0.030 | 5.560 |
Canacol Energy | CNE-X | 1,773,563 | 0.760 | -0.020 | -2.560 |
ShaMaran Petroleum | SNM-X | 1,588,200 | 0.400 | -0.020 | -4.760 |
Rainy River Resources | RR-X | 1,536,707 | 6.600 | 0.170 | 2.640 |
Cadillac Mining | CQX-X | 1,506,000 | 0.030 | 0.000 | 0.000 |
San Gold Corporation | SGR-X | 1,390,859 | 4.410 | 0.050 | 1.150 |
Mountain Boy Minerals Ltd | MTB-X | 1,292,560 | 0.190 | 0.010 | 2.780 |
Duran Ventures | DRV-X | 1,214,950 | 0.130 | 0.010 | 8.330 |
Maya Gold & Silver | MYA-X | 1,207,500 | 0.250 | 0.030 | 13.640 |
PetroKamchatka Plc | PKP-X | 1,157,500 | 0.060 | 0.010 | 22.220 |
Appleton Exploration | AEX-X | 1,106,300 | 0.140 | -0.030 | -15.630 |
Golden Hope Mines Ltd | GNH-X | 1,048,300 | 0.430 | 0.040 | 10.390 |
A new patrol car in the Italian police force….Just what they need to catch speeding drivers
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