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Great Panther Silver Ltd Message Board

  • cib_1981 cib_1981 Apr 3, 2012 12:47 PM Flag

    Robo.....

    have you heard anything else about the rumours of GPR purchasing another mine?

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    • You never know who's cutting a deal.

      First Majestic Announces Friendly Acquisition Of Silvermex Resources
      Vancouver, BC, Canada - April 3, 2012 - First Majestic Silver Corp. ("First Majestic") and Silvermex Resources Inc. ("Silvermex") are pleased to announce that they have entered into a definitive agreement (the "Arrangement Agreement") pursuant to which First Majestic has agreed to acquire all of the issued and outstanding common shares of Silvermex for a consideration of 0.0355 common shares of First Majestic (the "Exchange Ratio") and C$0.0001 in cash per common share of Silvermex. The offer values Silvemex at approximately C$0.60 per share, representing a premium of approximately 33% to the closing price of Silvermex as at April 2, 2012 and approximately 43% to the 30 day volume weighted average price ("VWAP"). The transaction will be implemented by way of a plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia).

    • I haven't heard any rumors, where are you hearing this from? The last time I heard anything regarding GPR and them actively seeking acquisition of another mine was last fall when Archer has stated publicly that they had a team that was looking at possible acquisition of another mine either in SA or Mexico and that there mission/goal through any acquisition is to take them to the next level as a mid tier producer, which can help the S/P longer term.

 
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