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American Capital Agency Corp. Message Board

jeffjwang 4 posts  |  Last Activity: Jul 15, 2014 1:12 PM Member since: Aug 21, 2001
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  • Reply to

    Speical dividend in September!

    by jeffjwang Jul 15, 2014 9:12 AM
    jeffjwang jeffjwang Jul 15, 2014 1:12 PM Flag

    well, this is their own press release. if they won't, why did they say it?

  • Reply to

    Speical dividend in September!

    by jeffjwang Jul 15, 2014 9:12 AM
    jeffjwang jeffjwang Jul 15, 2014 9:15 AM Flag

    Anyone has idea how much it could be?

  • On July 1, 2014, First Majestic spun-out its wholly owned subsidiary Minera Terra Plata, S.A. de C.V. ("Terra Plata"), to Sundance Minerals Ltd., a private exploration company focused on precious metal and base metal projects in Mexico and the United States, pursuant to which Sundance agreed to sell 100% of its shares to Albion Petroleum Ltd. (ABP-H.V), a capital pool company listed on the TSX Venture Exchange. Terra Plata owns a 100% interest in a number of grass roots exploration projects which include the Peñasco Quemado Project, the La Frazada Project and the Los Lobos Project, properties that First Majestic acquired through its acquisition of Silvermex in July of 2012.

    After Sundance's completion of the Terra Plata acquisition, Albion Petroleum Ltd. (ABP-H.V), agreed to acquire Sundance by the issuance of common shares to Sundance shareholders by way of a plan of arrangement under the Business Corporations Act of British Columbia and to continue once listed on the TSXV under the name of First Mining Finance Corp. ("First Mining"). Subject to satisfaction or waiver of the conditions by the parties involved, the proposed transaction is expected to complete on or about September 15, 2014. Additional details on the plan of arrangement are expected to be released in September.

    Following the completion of the proposed transaction, it is anticipated that First Majestic will distribute all shares of First Mining which it receives to its shareholders by way of dividend in kind, and that First Mining will use its reasonable commercial efforts to qualify the distribution of such shares to US residents.

  • After analysts named it the top buy of of all the silver miners. I bot it at $9.20 6/28 last year when EXK was $3. Now EXK was more than doubled, and this thing isn't even up 20%.

AGNC
23.24+0.10(+0.43%)Jul 21 4:00 PMEDT

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