Category: Mexico
20 Posts
POSTED ON December 16, 2013 BY Travis McPherson

Joseph Conway’s Primero Mining (P:TSX) announced this morning it has entered into a agreement to acquire Brigus Gold (BRD:TSX) in an all-share transaction.  Primero will use their stock, which has held its own this year, in an exchange ration of 0.175:1.  This values Brigus at approximately $220 million.  This bid represents a 43% premium to… Continue Reading

POSTED ON December 12, 2013 BY Travis McPherson

Running out of financial flexibility, Bruce McLeod’s Mercator Minerals (ML:TSX) has agreed to a merger/takeover by Intergeo which is a subsidiary of ONEXIM Group(controlled by Russian oligarch, Mikhail Prokhorov worth an estimated $13 billion).  The deal will see Mercator’s assets get a much needed injection of capital.  Intergeo’s controlling shareholder Daselina (part of ONEXIM) will provide a… Continue Reading

POSTED ON December 10, 2013 BY Travis McPherson

On Monday, the Mexican senate approved a draft energy bill which would allow, for the first time in 75 years, private foreign investment into the oil and gas sector in their country.  Mexico is the number 10 global oil producer and has been controlled by the state-owned oil company, Petroleos Mexicanos (Pemex).  That state-run entity has seen crude… Continue Reading

POSTED ON December 06, 2013 BY Thom Calandra

THE CALANDRA REPORT: Subscribe $91 yearly Topics: Coastal Contacts, Inovio, American Sands, Stockr, Mason Graphite, Tembo, GSV & Sunny LA LOS ANGELES — Just back from getting my batteries charged at LD Micro in Bel Air. About 240 companies — four or five gold | a dozen energy | and the rest Biomedical, Internet, retail,… Continue Reading

POSTED ON July 29, 2013 BY Travis McPherson

Primero Mining Corp (TSX:P) provides an update on the proceedings at the Cerro del Gallo Au-Ag project in Mexico. Primero acquired the Cerro del Gallo project in May 2013 from Cerro Resources NL in a share/cash/spin-out deal that saw Primero retaining a 69.2% interest in the project; offering Cerro Resources shareholders 0.023 Primero shares and shares… Continue Reading

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