Apex Silver Mines (fka APXSQ)

[Helter Skelter]

apexq now trading on the grey market under symbol gdmn {Golden Minerals Company}. Authorized shares stated as 50M common 10M preferred {none OS}. Common OS is a little over 3 million shares according to a recent {4/30/09} Schedule 13-G filing. Revenues expected to be $8M for managing the mine plus they have other assets. See their website and exploration properties here:

http://www.goldenminerals.com/explor.php

So, 3M shares OS x 15c = market cap of $450,000. Not liking grey sheet stocks, tho...

Item 3.02 Unregistered Sales of Equity Securities.

Pursuant to the Plan, as of the Effective Date, the Subordinated Notes were cancelled in exchange for a pro rata distribution of (i) Common Stock of Golden Minerals, and (ii) approximately $45 million in cash. Each holder of Subordinated Notes received approximately 10.3 shares of Common Stock per $1,000 principal amount of Subordinated Notes. A total of 2,987,735 shares of Common Stock were distributed to the holders of the Subordinated Notes as of the Effective Date. In addition, 12,265 shares of Common Stock have been reserved for potential future issuance in exchange for certain unsecured claims of creditors of Apex Silver. If such reserved shares are not issued to general unsecured creditors under the Plan, they will be issued to the former holders of the Subordinated Notes in a subsequent distribution.

Pursuant to the Plan and the Bankruptcy Court’s order confirming the Plan, the issuance of Common Stock and the exchange of new Common Stock for the Subordinated Notes and general unsecured claims are exempt from registration under state and federal securities laws as permitted under Section 1145 of the Bankruptcy Code.

http://www.sec.gov/cgi-bin/browse-idea?company=Golden+Minerals&match=&CIK=&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany