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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: LLCF who wrote (62524)12/11/2008 2:21:32 PM
From: MICHEL GUIBERT  Respond to of 78408
 
Richmont receives Patricia shareholder approval for bid

2008-12-11 13:39 ET - News Release

ACQUISITION OF PATRICIA MINING CORP. BY RICHMONT MINES INC. RECEIVES SECURITYHOLDER APPROVAL

The acquisition of Patricia Mining Corp. by Richmont Mines Inc. by way of a plan of arrangement under the business corporations act (Ontario) has been approved by more than 96 per cent of the votes cast by Patricia Mining's securityholders at the special meeting of Patricia Mining's securityholders. Subject to the satisfaction or waiver of all other conditions to closing, including the approval of the Ontario Superior Court of Justice (commercial list), Patricia Mining and Richmont expect the arrangement to be effective on or about Dec. 16, 2008.



To: LLCF who wrote (62524)12/11/2008 2:40:20 PM
From: marcos  Read Replies (1) | Respond to of 78408
 
Oh for sure, 'we're all keynesians now' ... except that Keynes said to pay off debt in the good times, maybe even stash away a little savings, nobody remembers that

'Obamaheaven' was a reference to the euphoria, you have to wonder how long that will last under these conditions ... i sure don't envy the man his job

In re your previous post - yeah why haven't majors with cash hoards nibbled into juniors ... probably just stunned by events, like the rest of us