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Deals this week: Goldcorp, Tarsis Resources, Silver Bull Resources

Published: Jan 31,2015 08:30:00

 

Goldcorp has completed the previously announced purchase of 7,320,200 common shares of Probe Mines and 2,347,951 warrants to purchase common shares of Probe from Agnico Eagle Mines.

 

Each warrant is said to be exercisable to purchase one common share of Probe at a price of C$2.10 until 28 May 2015.

 

The company intends to vote the purchased shares and any additional Probe shares acquired on the exercise of the warrants, in favour of a resolution approving the plan of arrangement.

 

If the proposed arrangement is approved by the Probe shareholders, Goldcorp will acquire 100% of the issued and outstanding Probe shares.

 

Tarsis Resources has signed a binding agreement to acquire eight gold properties in Nevada from Sandstorm Gold.

 

The acquisition will also include primarily epithermal and Carlin style gold targets.

 

Tarsis will pay 1.5 million shares and also grant Sandstorm a right of first refusal on any future metal streaming agreements on these properties.

 

Silver Bull Resources has closed the previously announced transaction with BHK Mining regarding the sale of Dome International Global.

 

Dome is a wholly owned subsidiary of Silver Bull indirectly holding a 100% interest in the Ndjole manganese and gold project.

 

Pursuant to the deal, BHK is said to have acquired all of the issued and outstanding securities of Dome from a wholly owned subsidiary of Silver Bull for the purchase price of $1.5m payable in cash.

 

Almonty Industries and Woulfe Mining have signed a non-binding letter of intent to combine the businesses of the two companies and create a tungsten company outside of China.

 

The combined business will have two producing tungsten assets located in Spain and Australia, pre-construction assets in South Korea and Spain.

 

The company will serve as a platform for further accretive growth and consolidation in the global tungsten sector.

 

Matamec Explorations has announced the creation of a joint venture with Ressources Québec (RQ) pursuant to a joint venture agreement entered between the company and RQ.

 

Pursuant to the agreement, RQ has acquired a 28% undivided interest in the Kipawa heavy rare earths deposit for $3m paid into the joint venture (JV).

 

The JV has been created in order to pursue the development of the deposit and will be managed by a management committee consisting of a representative of each of the two parties.

 

Source:mining-technology

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