Visitors Now:
Total Visits:
Total Stories:
Profile image
By The Daily Gold (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Coeur d’Alene Mines Acquires Shares in Huldra Silver Inc.

Wednesday, August 8, 2012 10:08
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Quoting the Full Release from Couer D’Alene:

Coeur d’Alene Mines Corporation (“Coeur”) (NYSE:CDE)(TSX:CDM) today announced that it has agreed to acquire 1,851,852 common shares (the “Shares”) of Huldra Silver Inc. (“Huldra”) (TSXV: HDA) at a purchase price of C$1.08 per Share, for total consideration of C$2 million. The Shares will be acquired pursuant to a subscription agreement as part of private placement transaction of Huldra issuing in the aggregate 2,777,777 Shares.

Prior to the acquisition of the Shares, Coeur and its affiliates and joint actors held 1,905,000 Shares and warrants to acquire an additional 1,905,000 Shares. After giving effect to the acquisition, Coeur will own and control 3,756,852 Shares, representing approximately 8.8% of the issued and outstanding Shares based on information provided to Coeur by Huldra. On a fully diluted basis, based on information provided to it, Coeur believes it will own and control 12.7% of all Shares of Huldra. The acquisition of the Shares is being made for investment purposes. Depending on the market and other conditions, Coeur may, from time to time, increase or decrease its ownership, control or direction over the Shares and/or other securities of Huldra





Source:

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.