...vielleicht wäre Hochschild doch das bessere Investment gewesen:
...Jul 09, 2007 01:30 ET
EXMIN Signs Strategic Alliance and Financing Agreement With Hochschild Mining Group
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 9, 2007) - EXMIN Resources Inc. (EXMIN) (TSX VENTURE:EXM) is pleased to announce that it has signed a Letter of Agreement with the Hochschild Mining Group (Hochschild) (LSX:HOC) to enter a Strategic Alliance whereby Hochschild may subscribe to purchase up to U$4.5 million in EXMIN common stock at a price of C$0.40 per share. In turn, EXMIN will grant a First Right of Offer to Hochschild on any of its available projects.
This share purchase is independent of the obligatory payment by Hochschild to EXMIN in cash or equivalent in private placement proceeds, pursuant to the exploration joint venture agreement, which was signed by the Companies in July 2006.
"This is a monumental partnership for EXMIN and Hochschild," stated Karl Boltz, President of EXMIN. "EXMIN can continue to meet its financial obligations at the Moris Mine without having to access capital markets at this time. Hochschild will have first opportunity to make an offer on any of EXMIN's twenty-plus available projects. Under the direction of Dr. Craig Gibson, Executive Vice-President of Exploration, EXMIN has shown an ability to identify, stake and acquire numerous impressive projects and land packages that attract the majors."
The Strategic Alliance Deal
EXMIN will grant to Hochschild the First Right of Offer on any and all of its available projects for a period of eighteen months. In consideration for this right and as an investment in EXMIN, Hochschild may subscribe to purchase common shares of EXMIN at a price of $0.40 per share (twenty per cent discount to the average recent share price), for cash proceeds of US $3 million. These Strategic Alliance private placement proceeds will be earmarked for Moris Mine rehabilitation and operation costs, until positive cash flow at the mine is anticipated, by Q3 07.
EXMIN has granted the right to Hochschild to convert the existing U$1.5 million line of credit into EXMIN common shares at the same discounted price of C$0.40 per share.
Hochschild has also granted to EXMIN a new U$1 million line of credit available immediately for use on any exploration project where the Companies may be involved together. This new line of credit will be paid one year after drawdown from the positive cash flows to be generated at the Santa Maria de Moris Mine.
The aforementioned transactions are subject to regulatory approval, and any shares issued will be subject to a four-month hold period.
...das macht solche "Funde " wie EXM so attraktiv für die Nachfinder...
...weil man als Kleinaktionär nie weiss
...wie niedrig preisig der grosse seine verstärkungen haben möchte
...grüsse
...emoba