HOC Hochschild sold GORO July13 to acquire IMZ for $360+ million consideration. Hochschild still owns 11.2 million GORO shares. They were free to sell a second block tranche in mid Oct. That would require a filing which they have not done so far.
Oct,1st International Minerals to Be Acquired by Hochschild Mining
The transaction represents a total consideration of $360 million to $400 million ($3.04 to $3.31 per share), or a 24–35% premium over the company’s 20-day, volume-weighted average price of $2.46 per share on the Toronto Stock Exchange, International Minerals says. - See more at:
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