Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (4978)	3/5/2014 7:43:11 AM
From: Goose94	Read Replies (2) \| Respond to of 202401

Laurentian Goldfield (LGF-V) Evanachan (owned by Robert R. McEwen) acquires 12 million units Feb 4, 2014 - NR Evanachan Ltd. has subscribed, by way of a private placement, for 12 million units of Laurentian Goldfields Ltd. at a price of 25 cents per unit for a total amount of $3-million. Each unit consists of one common share and one-half of one common share purchase warrant. Each common share purchase warrant entitles Evanachan to purchase one additional common share in Laurentian at a price of 50 cents for a period of 30 months from the date of closing, which took place today, March 4, 2014. The common shares and common share purchase warrants purchased pursuant to the transaction represent ownership of approximately 12.42 per cent of the issued and outstanding shares of Laurentian postclosing (or approximately 17.53 per cent assuming the exercise of the warrants comprising the units only).Evanachan, a corporation wholly owned by Robert R. McEwen, entered into the transaction for investment purposes and may increase or reduce its investment in Laurentian according to market conditions or other relevant factors. Upon completion of the transaction, Evanachan will hold 12 million common shares representing 12.42 per cent of the issued and outstanding common shares, together with six million common share purchase warrants exercisable into common shares, for a total of 18 million shares of Laurentian, representing approximately 17.53 per cent of Laurentian's common shares (assuming the exercise of the warrants comprising the units only). A copy of the early warning report filed in connection with the transaction will be made available on SEDAR.