Sabre Gold Mines Corp (SGLDF)

[goldenpolarbear]

Orefinders acquired « ...McGarry Mine and Barber-Larder properties from Kerr Mines Inc. [KER-TSX]. They are collectively known as McGarry.

“We are very pleased to announce this acquisition and see this transaction as excellent value for our shareholders,” said Orefinders CEO Stephen Stewart.

Under the agreement, Orefinders will issue 8 million common shares to Kerr. The shares are subject to a lock-up agreement with Kerr and are scheduled to be free trading over a two-year period... »

http://resourceworld.com/index.php/orefinders-in-deal-with-kerr-to-acquire-abitibi-properties/

Only 8 Million shares at an average pps of .12 cents... or less.... Hmmm?

Yes, an excellent deal for Orefinders’ shareholders but was this an excellent deal for Kerr Mines’ shareholders? Hmmm?