McEwen Inc. to Acquire Golden Lake Exploration Inc. — Further Consolidates Gold Bar Mine Complex in Nevada
McEwen will integrate Jewel Ridge projects into its Gold Bar Mine Complex to extend mine life and provide Golden Lake shareholders a 60% premium to recent share prices.
10 Articles
10 Articles
Golden Lake up 80% on McEwen takeover proposal – Resource World Magazine
McEwen Mining Inc. [MUX-TSX, NYSE] has announced a definitive deal to acquire all the issued and outstanding shares of Golden Lake Exploration Inc. [CSE-GLM, GOLXF-OTC] by way of a plan of arrangement. Golden Lake shares rallied on the news, rising 80% or $0.06 to 13.5 cents. The shares previously traded in a 52-week range of $0.09 and $0.03. McEwen shares eased 2.5% or $1.00 to $38.47. Golden Lake’s principal asset is the 100%-owned Jewel Ridge
McEwen Set To Acquire Golden Lake Exploration For $0.12 Per Share
McEwen Inc (TSX: MUX) is again looking to expand its asset base via the acquisition of a junior explorer. The company this morning announced it has entered into a definitive agreement to acquire Golden Lake Exploration (CSE: GLM). The arrangement will see Golden Lake shareholders receive 0.003876 of a share of McEwen for each share […]
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- 60% of the sources lean Left
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