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Stock impact report

McEwen Mining completes $10m investment in Goliath Resources [Yahoo! Finance]

McEwen Inc. (MUX) 
Last mcewen inc. earnings: 3/16 05:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The transaction resulted in the issuance of 868,056 shares of McEwen common stock at a deemed price of C$11.52 per share, according to the terms of a subscription agreement. Upon closing of the transaction, McEwen Mining owns approximately 5.4% of Goliath Resources, with Robert McEwen, chairman and chief owner of McEwen Mining, owning around 3.9% on a partially diluted basis. Each unit is composed of one ordinary share in the company's capital and a half-share purchase warrant, leading to the distribution of 2,590,673 warrants. Each warrant grants the holder the right to purchase one ordinary share at an exercise price of C$2.50 per share, with this option being valid for a period of 12 months from the date of issue. In line with relevant securities legislation, any issued securities will be restricted by a holding period lasting four months and one day from the date they are issued. Goliath founder and CEO Roger Rosmus said: “It is with great pleasure to announce the compl Show less Read more
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