Home > Boards > US OTC > Mining/Resources > Star Mountain Resources Inc. (SMRS)

http://www.e-mj.com/news/us-a-canada/5769-star-mountain-acquiring-hudbay-s-balmat-mine.html#.VnQ82bY

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
stockbullpen Member Profile
 
Followed By 1
Posts 82
Boards Moderated 0
Alias Born 10/07/11
160x600 placeholder
stockbullpen   Friday, 12/18/15 12:08:50 PM
Re: None
Post # of 75 
http://www.e-mj.com/news/us-a-canada/5769-star-mountain-acquiring-hudbay-s-balmat-mine.html#.VnQ82bYrLUI
SMRS
Hudbay taking 550,000 shares of Star Mountain.
Star Mountain is a U.S. junior company headquartered in Tempe, Arizona. The company’s total acquisition price for Balmat is 550,000 shares of Star Mountain common stock and up to $17 million in cash, consisting of $1.0 million in cash at closing and future cash payments of up to $15.5 million. A $500,000 payment had already been made to Hudbay at the time of the announcement. Under certain conditions, Star Mountain can accelerate the acquisition payments and reduce the future cash payments to $7 million.

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist