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Gold/Mining/Energy : McEwen Mining -- Ignore unavailable to you. Want to Upgrade?


To: CurveBall86 who wrote (14016)12/19/2015 10:06:14 PM
From: baystock1 Recommendation

Recommended By
CurveBall86

  Respond to of 24549
 
Rubicon Minerals Corp. (RMX.TO) is down about 3.5% to 4.10 after Robert McEwen, the company's largest individual shareholder, moved to sell his entire 45.7 mln-share stake of RMX stock. The upcoming offering is being priced at 4.16 a share, generating about $190 mln in proceeds for McEwen, the former CEO and Board Chairman at Goldcorp (G.TO).
In a statement, McEwen said he was selling the shares in order to concentrate on his primary holdings, U.S. Gold Corp. (UXG.TO) and Minera Andes (MAI.TO), adding that his investment in Rubicon had grown to represent a disproportionate share of his portfolio where he was not actively involved in its management.



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