Sep. 15, 2009 (Baystreet.ca) --
MISSISSAUGA, Ontario, September 15, 2009 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “Silver Producer Acquires Junior Miner, Junior Miner Shares Rally.”
Companies mentioned in this article include First Majestic Silver Corp. (TSX:FR) and Normabec Mining Resources Ltd. (TSX-Venture:NMB).
Article Excerpt:
Sometimes it’s a left-handed compliment for a smaller company -- particularly, a junior miner in this economic climate -- to be considered a prize by a much-larger suitor. In the middle of September, two such partners tied the knot when Vancouver-based First Majestic Silver Corp. (TSX:FR) agreed to purchase Normabec Mining Resources Ltd. (TSX-Venture:NMB) in an all-share transaction aimed at broadening its business.
A press release, issued Sept. 14, noted that once the deal is consummated, Normabec shareholders will be issued 0.060425 First Majestic shares for each share they currently own, plus shares in a newly formed public company NEWCO, which will hold Normabec's interest in Quebec’s Pitt Gold Property.
The deal values each Normabec share at 18.06 cents -- comprising of 14.06 cents in First Majestic shares and four cents in NEWCO shares -- representing a premium of 39% to Normabec's Friday's close on the Toronto Venture Exchange.
The full version of this article can be found at:
http://www.allpennystocks.com/aps_ca/special_reports/060/Silver-Producer-Acquires-Junior-Miner,-Junior-Miner-Shares-Rally.htm
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