Moneta Porcupine Mines Inc. (MEAUF)

[NYBob]

Kaminak Announces Acquisition C$520 millionTransaction with Goldcorp

BTW.
I think Moneta has more gold reserves & more atteractive mining properties vs. Kaminak -
Moneta has so much more infrastructior, roads, mills and mining towns
with mine workers all around so many properties since its a 100year old
mining comp. compared -
Moneta very undervalued, imo! -

to Kaminak -
View News Release in PDF Format

Vancouver, B.C., May 12, 2016 – Kaminak Gold Corporation (KAM: TSX-V) (“Kaminak” or the “Company”) is pleased to announce that the Company has entered into a definitive agreement with Goldcorp Inc. (“Goldcorp”), pursuant to which Goldcorp has agreed to acquire by way of a plan of arrangement (the "Arrangement"), all of the issued and outstanding shares of Kaminak in an all-share transaction. The total consideration offered for the Kaminak shares is approximately C$520 million.

Under the Arrangement, each common share of Kaminak will be exchanged for 0.10896 common shares of Goldcorp (the “Exchange Ratio”). The Exchange Ratio represents a value of C$2.62 per share based upon the closing price of Goldcorp on the TSX on May 11, 2016 of C$24.08.

http://www.kaminak.com/news_releases/index.php?&content_id=658

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