BLACK HAWK (TSE:BHK) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : BLACK HAWK (TSE:BHK)

BHK 9.650

-1.1%

Nov 13 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gary H who wrote (383)	6/13/2000 7:30:00 PM
From: Stephen O	Read Replies (1) of 545

Creeping takeover by Repadre. TORONTO (Dow Jones)--Black Hawk Mining Inc. (T.BHK) will issue 3.3 million shares to Repadre Capital Corp. (T.RPD) pursuant to an amended net smelter return royalty agreement. In a news release, Repadre said the royalty agreement relates to the El Limon Mine in Nicaragua. The shares will be issued upon receipt of regulatory approval. Under the amended agreement, Repadre said Black Hawk is permitted to issue shares in lieu of cash as royalty payments until June 30. Repadre said it now holds 18.6 million common shares and 800,000 common-share-purchase warrants of Black Hawk. After the issuance of the 3.3 million shares, and assuming Repadre exercises the warrants and that no additional common shares of Black Hawk have been issued, Repadre would own 22.7 million shares of Black Hawk, or about a 16.6% stake. The company said it doesn't plan to increase its stake in Black Hawk, other than through shares that might be issued to it in settlement of future royalty obligations. Repadre pursues royalties and merchant banking opportunities in the mineral resource industry. Black Hawk Mining is a mining company. -Wendy Lampert, Dow Jones Newswires; 416-306-2100

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next