SI
SI
discoversearch

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.
Strategies & Market Trends : Beat The Street With SI Traders -- Ignore unavailable to you. Want to Upgrade?


To: Rocket Red who wrote (102117)8/28/2012 10:56:56 AM
From: Rocket Red  Read Replies (2) | Respond to of 233785
 
Baja Mining completes $90-million (U.S.) financing

2012-08-28 08:50 ET - News Release
Shares issued 340,213,025
BAJ Close 2012-08-27 C$ 0.065



Mr. Tom Ogryzlo reports

BAJA MINING ANNOUNCES COMPLETION OF STAGE I FINANCING

The Korean consortium has contributed $90-million (U.S.) to Baja Mining Corp.'s subsidiary Minera y Metalurgica del Boleo SA de CV (MMB), completing stage I of the financing announced by Baja on July 26, 2012.

The Korean consortium now owns a majority interest (51 per cent) in MMB. However, the formalities required to transfer the shares and transfer control have not yet been completed.

We seek Safe Harbor.



To: Rocket Red who wrote (102117)8/28/2012 11:03:33 AM
From: Dav!d  Read Replies (1) | Respond to of 233785
 
CSL: Market is showing us that no drilling this year. Or maybe trenching results are not good. Or investors are not happy with the last PP. Either way, ouch.

David.



To: Rocket Red who wrote (102117)8/28/2012 11:15:57 AM
From: statesidereport  Read Replies (1) | Respond to of 233785
 
At least they will be fully funded with $5 million in the bank to start drilling next May. Let's see how good management is about keeping investors interested over the next few months. So far .......not so good.

stateside



To: Rocket Red who wrote (102117)8/28/2012 2:54:22 PM
From: pocotrader  Read Replies (1) | Respond to of 233785
 
not me,I want to see if they have the goods