johnlw, G has been busy dealing some non-core properties and getting non-controlling interest in a several companies. The EVG transaction was a one of the smaller deals, but is a bit larger than the $10MM Quaterra deal done back in February. I don't think that there have been any other deals with companies this small.
With EVG it increases their exploration exposure to Nevada with some decent properties.
The QTA deal focuses on Mexico, building on the new Penasquito min and the recent Canplats acquisition.
quaterraresources.com
2010-02-10 ... formalizes the terms of a previously announced Letter of Intent that provides Goldcorp with an option to acquire an interest in certain mining properties held by or acquired by Quaterra in central Mexico in return for funding a two-year generative exploration program by the Company through a private placement investment of US$10 million in the Company.
The first US$4 million portion of the private placement, which has closed, consists of units at C$1.41 comprised of 3,001,418 common shares of the Company and 1,500,709 two-year share purchase warrants exercisable at C$1.76 per share to purchase up to 1,500,709 common shares of the Company. Under applicable securities laws, the hold periods will expire on June 5, 2010. |
