InvestorsHub Logo

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Live Updating
profile icon
Let's Roll Free
08/18/16 2:48 PM
profile icon
mick Grandfathered
11/22/15 5:33 PM
profile icon
mick Grandfathered
11/07/15 1:31 PM
profile icon
Pro-Life Free
10/21/15 10:38 AM
profile icon
Pro-Life Free
10/21/15 10:35 AM
profile icon
mick Grandfathered
10/20/15 8:22 AM
profile icon
Pro-Life Free
10/14/15 1:08 AM
profile icon
mick Grandfathered
10/13/15 5:01 PM
profile icon
mick Grandfathered
10/05/15 11:33 PM
profile icon
mick Grandfathered
09/26/15 4:32 PM
profile icon
mick Grandfathered
09/16/15 5:14 PM
profile icon
mick Grandfathered
09/02/15 5:33 PM
profile icon
jsc52033 Free
08/30/15 5:31 PM
profile icon
Pro-Life Free
08/29/15 10:13 PM
profile icon
mick Grandfathered
08/25/15 2:42 PM
profile icon
mick Grandfathered
08/16/15 4:12 PM
profile icon
Timothy Smith Free
08/15/15 5:12 PM
profile icon
mick Grandfathered
08/15/15 4:16 PM
profile icon
Timothy Smith Free
08/13/15 2:37 AM
profile icon
mick Grandfathered
08/08/15 7:26 PM
profile icon
jsc52033 Free
07/27/15 2:45 PM
profile icon
mick Grandfathered
07/27/15 11:25 AM
profile icon
mick Grandfathered
07/27/15 10:51 AM
profile icon
mick Grandfathered
07/27/15 10:31 AM
profile icon
mick Grandfathered
07/09/15 11:25 PM
profile icon
THREE-DAY-TRADER Free
07/08/15 11:08 AM
profile icon
mick Grandfathered
06/30/15 7:46 PM
profile icon
mick Grandfathered
06/20/15 3:50 PM
profile icon
mick Grandfathered
06/10/15 6:02 PM
profile icon
mick Grandfathered
05/29/15 8:28 PM
profile icon
mick Grandfathered
05/20/15 11:50 PM
profile icon
mick Grandfathered
05/08/15 6:52 PM
profile icon
mick Grandfathered
05/04/15 2:33 PM
profile icon
mick Grandfathered
04/26/15 11:21 AM
profile icon
mick Grandfathered
04/15/15 4:11 PM
profile icon
fiatschmiat Free
04/15/15 3:45 PM
profile icon
mick Grandfathered
04/15/15 3:43 PM
profile icon
mick Grandfathered
04/15/15 3:03 PM
profile icon
mick Grandfathered
04/15/15 2:42 PM
profile icon
mick Grandfathered
04/15/15 2:40 PM
profile icon
mick Grandfathered
04/15/15 2:31 PM
profile icon
mick Grandfathered
04/15/15 2:28 PM
profile icon
mick Grandfathered
04/15/15 2:21 PM
profile icon
the cork Deceased
04/14/15 6:30 PM
profile icon
mick Grandfathered
04/12/15 3:54 PM
profile icon
eddyimano Free
04/11/15 1:57 PM

Silvercrest Mines Inc (SVL) RSS Feed

Followers
12
Posters
33
Posts (Today)
0
Posts (Total)
148
Created
02/04/04
Type
Free
Moderators

First Majestic Completes Acquisition of Silvercrest
October 1st, 2015


http://www.firstmajestic.com/en/news/first-majestic-completes-acquisition-of-silvercrest

VANCOUVER, BC, CANADA – First Majestic Silver Corp. (“First Majestic”) and SilverCrest Mines Inc. (“SilverCrest”) are pleased to announce the completion of the plan of arrangement (the “Arrangement”) previously announced in the joint news release of First Majestic and SilverCrest dated July 27, 2015.

Under the arrangement, which took effect as of 12:01 a.m. (Vancouver time) this morning, First Majestic has acquired all of the issued and outstanding common shares of SilverCrest. Shareholders of SilverCrest will receive 0.2769 First Majestic shares and CDN$0.0001 for each share of SilverCrest held. In addition, shareholders of SilverCrest will receive 0.1667 shares in a newly formed company which will hold certain exploration assets currently held by SilverCrest and First Majestic.

Keith Neumeyer, President and CEO of First Majestic said, “With this closing, First Majestic is integrating a well-built, low-cost, profitable silver mine into its large portfolio of operating mines. The Santa Elena Silver Mine, becoming our sixth mine in Mexico, is projected to increase the Company’s total production by approximately 5 million silver equivalent ounces per year. We are very excited to have this free cash flowing mine added to our portfolio.”

“Over the coming quarters, we will be communicating our plan for Santa Elena which will include ways to further reduce operating costs,” continued Mr. Neumeyer. “Finally, I would like to take this opportunity to personally welcome the SilverCrest shareholders into the First Majestic family.”

With the Arrangement now complete, it is expected that SilverCrest’s shares will cease trading and will be delisted from the Toronto Stock Exchange (“TSX”) in approximately 2-3 business days in accordance with the rules of the TSX and will cease trading and be delisted from the New York Stock Exchange MKT before the opening on October 2, 2015.

Volume:
Day Range:
Last Trade Time:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
SVL Latest News
  • No Recent News Available for this company!
New Post