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Re: ABIGIDIOT post# 1015

Wednesday, 04/01/2009 3:48:11 PM

Wednesday, April 01, 2009 3:48:11 PM

Post# of 1042
ABIGHAMMER, here is the information. Hasn't started trading yet but will soon, apparently:

On January 12, 2009, Apex Silver Mines Limited (“Apex Silver”) and its wholly-owned subsidiary, Apex Silver Mines Corporation (“ASMC”), filed voluntary petitions for reorganization relief under Chapter 11 of the U.S. Bankruptcy Code (the “Bankruptcy Code”). A Joint Plan of Reorganization, as supplemented by the Plan Supplement filed with the Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) on February 26, 2009 and the Amended Plan Supplement filed with the Bankruptcy Court on March 4, 2009 (collectively, the “Plan”), was approved by the Bankruptcy Court on March 4, 2009. On March 24, 2009, Apex Silver emerged from Chapter 11 protection as a Delaware corporation named Golden Minerals Company, the successor to Apex Silver for purposes of reporting under the U.S. federal securities laws (the “Company” or “Golden Minerals”). The common stock of Golden Minerals is expected to commence trading over-the-counter (OTC) in early April 2009.

Looks like the authorized share count will be 50 million:

Common Stock

The Certificate of Incorporation authorizes the issuance of an aggregate of 50,000,000 shares of Common Stock. Each holder of Common Stock will be entitled to one vote per share. Subject to the rights of the holders of any outstanding Preferred Stock (as defined below), all voting rights will be vested in the holders of shares of Common Stock. Holders of shares of Common Stock will have noncumulative voting rights, which means that the holders of more than 50% of the shares of Common Stock voting for the election of directors will be able to elect 100% of the directors, and the holders of the remaining shares voting for the election of directors will not be able to elect any directors.

http://idea.sec.gov/Archives/edgar/data/1011509/000110465909021389/a09-8934_18k.htm



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