Silvermex Resources (SMR): Silvermex Resources Ltd. and Genco Resou...

Reply Private New

Next 10 Prev Next

Send PM Follow Ignore

Followers	34
Posts	2782
Boards Moderated	1
Alias Born	07/09/2007

kiwisteve

Re: Picassa post# 7

Monday, 09/20/2010 5:24:11 PM

Monday, September 20, 2010 5:24:11 PM

Silvermex Resources Ltd. and Genco Resources Ltd. Enter into Business Combination Agreement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 20, 2010) - Silvermex Resources Ltd. (TSX VENTURE:SMR - News; "Silvermex") and Genco Resources Ltd. (TSX:GGC - News; "Genco") are pleased to announce that they have entered into a definitive agreement (the "Agreement") to combine their respective businesses in an all-share transaction. The transaction will create a well managed, growth-oriented silver and gold producer focused on aggressively increasing its production profile.

The combined company will possess a fully operational mine and a substantial silver reserve and resource base. The transaction will provide shareholders with an experienced, production-focused, management team with a successful record of enhancing shareholder value. The combined company will be well capitalized with $6.2 million in cash.

Transaction Highlights - http://finance.yahoo.com/news/Silvermex-Resources-Ltd-and-ccn-4231783247.html?x=0&.v=1