Sabina Silver nächste Blue Pearl Mining?
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neuester Beitrag: 04.02.11 06:34
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eröffnet am: | 14.12.06 16:40 von: | SonnyJonny | Anzahl Beiträge: | 2981 |
neuester Beitrag: | 04.02.11 06:34 von: | alexis62 | Leser gesamt: | 430303 |
davon Heute: | 106 | |||
bewertet mit 46 Sternen |
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--button_text--
interessant
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witzig
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gut analysiert
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informativ
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1
haha
Eher kaufe ich nochmal Sabina dazu.
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geht alle zur Wahl 2009.
Seht es als eine persönliche Pflicht an.
geht alle zur Wahl 2009.
Seht es als eine persönliche Pflicht an.
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1
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Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
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0
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1
1. habt ihr ja in Sabina investiert.
2. Ist die Umtauschsaktie bestimmt nicht handelbar oder ein Verwässerungsladen...
3. Polaris hatte auch mal für Goodlifechina Aktien einen Umtausch angeboten..ich gehe davon aus dass die Umtauschfirma Aktien garnicht handelbar sind und dass Polaris genau dies ausnutzt um eure Aktien von Sabina sozusagen "umsonst" bekommt um die gleich danach auf den Markt zu werfen. (zumindest haben die das bei GLCC bestimmt so gemacht...LOL)
IMO
bbb
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0
nochmal: Finger weg!!!!!
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4
die polaris beteiligungen ag münchen,bietet den inhabern von sabina silver namensaktien in einem freiwilligen öffentlichen umtauschangebot an,die von ihnen gehaltenen aktien im verhältnis 7:1 in aktien der SPV AG & Co.KGaA
WKN A0H50R umzutauschen.
die annahmefrist endet am 15.03.2009 um 18 uhr
die polaris ist bereit in diesem rahmen bis zu 100000 aktien zu erwerben
die mindestanzahl beträgt 700 stück pro aktionär
wenn sie sich zur annahme entscheiden,setzen sie sich direkt mit uns in verbindung
übrigens der erwerbskurs beträgt 0,57 euro und die aktien der SPV wird dann zum kurs von 3.99 veräußert
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ich denke finger davon lassen
wenn die polaris unbedingt in sabina investieren will
kann sie über den den üblichen handel ohne probleme 100000 stück erwerben
beim derzeitigen kurs wären das 40000 euro
warum sollte ich freiwillig 0,57 euro verrechnen wenn ich die aktie für 0,40 im freien handel beziehen kann
doch nur wenn ich meine eigene aktie überteuert unters volk bringen will
aus meiner sicht absolut lächerlich
fazit:
erstaunlich auf was für gaunermethoden manche leute immer wieder kommen um den kleinen mann um seine kohle zu bringen
zumal unter der WKN A0H50R nichts zu finden ist
folglich befindet sich diese aktie nicht im freien handel
ein schelm der böses dabei denkt ;-)))
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Neid muß man sich erarbeiten,Mitleid gibts umsonst
Neid muß man sich erarbeiten,Mitleid gibts umsonst
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Sabina Silver Announces New Hackett River Mineral Resource Update
Increases of 3% Silver, 10% Zinc and 34% Copper
Open Pit Portion Increases by 40% with No Significant Grade Change
Resource tonnes increase by 7% results in increase in contained metal
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 11, 2009) - Sabina Silver Corporation (TSX VENTURE:SBB) announced today an updated mineral resource for its 100% owned Hackett River silver-zinc project in Nunavut, Canada.
HACKETT RIVER
Hackett River is one of the largest undeveloped Volcanic Massive Sulphide ("VMS") camps of its type in the world and exhibits many similarities to the long producing prolific VMS camps such as Flin Flon and Noranda. After the release of a positive preliminary economic assessment ("PEA") on the Hackett River project in March of 2007, Sabina Silver engaged AMEC Americas Ltd. ("AMEC") to conduct a Pre-feasibility Study ("PFS") on the project. As part of the study, a new mineral resource estimate has been prepared and the subsequent results are increasingly positive.
"We are very encouraged with the results of the updated mineral resource at Hackett River," said Tony Walsh, Sabina's President and CEO. "What is exciting is the substantial increase in open pit material with sustained grades. The new modelling not only indicates that the existing resource is more robust than originally interpreted, but also confirms our assessment that there is significant potential to add higher value mineralization to the resource base. From an economics perspective, the opportunity to open pit mine the higher grade mineralization first could have substantial impacts on the project reducing mining costs as well as the initial capital payback period. Also, the bulk of the existing resource is within the first 400 meters of surface, providing the opportunity to open pit all deposits, and perhaps allowing the project to defer or eliminate any underground capital required."
The net results are:
- Open pit portion of the resource increases 40% from 29.0M tonnes to 40.6M tonnes as improved geological model provides for expanded open pit portion while maintaining overall resource grades.
- Indicated resource tonnes have increased by 2% with grades for silver and zinc remaining in line with expectations. Overall Inferred resources have increased by 30% in tonnes, 18% in zinc grade, and 15% in copper grade with a 4% decrease in silver grade.
- All contained metals, silver, zinc, copper, lead and gold have increased, including an additional 7.1M ounces of silver, an additional 448,000 tonnes of zinc, an additional 57,000 tonnes of copper, an additional 12,000 tonnes of lead and an additional 24,000 ounces of gold.
- Detailed geological modelling has identified two mineralized zones within the Main Deposit (Main East and Main West) previously interpreted to be one zone. The Main West Zone is a high grade lens with grades significantly higher in zinc, silver and copper than the Main East Zone, and offers opportunities to recover the more economic high value mineralization at the beginning of any mining operation.
- New resource modelling has identified a significant portion of material which with closer spaced drilling could potentially be added to the resource at a future date. Also significant high grade intercepts at the Jo deposit are not included in the current mineral resource and further drilling may bring this deposit into the overall mineral resource.
- Detailed modeling of all the deposits has identified metal zoning and "hot spots" that point to exploration targets that have better potential to add higher value mineralization. These will be tested in the winter drill program expected to start in early April.
HACKETT RIVER MINERAL RESOURCES - FEB 2009
The mineral resource estimate was prepared by Mr. Albert Chong, P. Geo., Senior Geologist of AMEC Americas Limited, for Sabina Silver Corp. as part of an ongoing pre-feasibility study on the Hackett River project. Based on current drill spacing the resources at Hackett have been classified as Indicated and Inferred based on CIM Definition Standards (2005). Significant additional mineralization has been identified but due to wide drill spacing the material has not been included in this mineral resource estimate. The mineral resources have been constrained in order to demonstrate reasonable prospects for economic extraction as described by National Instrument 43-101 including assumptions pertaining to mining methods, metallurgical recoveries, metal prices, mining costs and processing costs. Details are outlined in footnotes with the Mineral Resource Tables. As required by NI 43-101 regulations, the resource estimate technical report will be filed on SEDAR in its entirety within 45 days following the date of this press release.
Summary Tabulation - Sabina Silver Hackett River Mineral Resource Estimate
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Zinc Ag Ag
Category Tonnes Zn% Tonnes g/t Ounces Cu%
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Indicated 7,740,000 4.88 378,000 167 41,510,000 0.25
East Cleaver --------------------------------------------------
Inferred 2,060,000 4.27 88,000 147 9,710,000 0.15
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Zinc Ag Ag
Category Tonnes Zn% Tonnes g/t Ounces Cu%
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Indicated 17,370,000 4.72 820,000 164 91,620,000 0.32
Boot Zone --------------------------------------------------
Inferred 7,250,000 4.84 351,000 158 36,810,000 0.26
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Zinc Ag Ag
Category Tonnes Zn% Tonnes g/t Ounces Cu%
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Indicated 18,230,000 4.49 818,000 115 67,350,000 0.58
Main Zone --------------------------------------------------
Inferred 5,310,000 4.01 213,000 103 17,500,000 0.45
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Zinc Ag Ag
Category Tonnes Zn% Tonnes g/t Ounces Cu%
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Indicated 43,340,000 4.65 2,016,000 144 200,480,000 0.42
Total
Resources --------------------------------------------------
Inferred 14,620,000 4.46 652,000 136 64,020,000 0.31
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Cu Pb Au Au
Category Tonnes Pb% Tonnes g/t Ounces
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Indicated 19,000 0.83 64,000 0.33 81,000
East Cleaver --------------------------------------------------
Inferred 3,000 0.73 15,000 0.30 20,000
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Cu Pb Au Au
Category Tonnes Pb% Tonnes g/t Ounces
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Indicated 56,000 0.68 118,000 0.27 153,000
Boot Zone --------------------------------------------------
Inferred 19,000 0.59 43,000 0.34 80,000
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Cu Pb Au Au
Category Tonnes Pb% Tonnes g/t Ounces
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Indicated 105,000 0.53 96,000 0.32 185,000
Main Zone --------------------------------------------------
Inferred 24,000 0.49 26,000 0.26 44,000
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Cu Pb Au Au
Category Tonnes Pb% Tonnes g/t Ounces
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Indicated 180,000 0.64 278,000 0.30 419,000
Total
Resources --------------------------------------------------
Inferred 46,000 0.57 84,000 0.31 144,000
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NOTE: The above table contains summary data, please refer to the attached
Appendix 1 for complete resource information.
Footnotes:
This mineral resource estimate has been prepared by Mr. Albert Chong,
P.Geo., Senior Geologist of AMEC Americas Limited. Mr. Chong is a qualified
person as defined by National Instrument 43-101. CIM Definition Standards
(2005) have been used in defining the mineral resource categories.
The mineral resources have been constrained in order to demonstrate
reasonable prospects for economic extraction as described by National
Instrument 43-101. The assumptions of amenability to the assumed mining
methods have been provided by Ms. Margaret Podhorski-Thomas, P.Eng., Senior
Engineer of AMEC Americas Limited who is a qualified person as defined by
National Instrument 43-101. Assumed metallurgical recoveries for each
deposit have been derived from metallurgical test work. The metallurgical
test work to date is based on using a flotation process to produce saleable
concentrates containing the metals in the resource estimate in varying
proportions.
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Bis zu Kursen mind. über 1,-€........vorher uninteressant......mein Limit ist drin und wird nicht aufgestockt....
Sehs an andren.....Sab. kann aber muß nicht werden.....
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Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
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sabina wird noch einig jahre brauchen aber dann...
kaufen und liegen lassen.
wer es vor 2009 gemacht hat wird sich noch mehr freuen.
und wenn man nur ein paar 1000 stück kauft.
http://www.sabinasilver.com/
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Sabina Silver Enters Into Agreement to Purchase Back River Assets From Dundee Precious Metals to Create Premier Northern Canada Advanced Exploration Company
Claims cover over 3,000 sq km on a Greenstone Belt that hosts Hackett River Project in Nunavut
M & I Resource of 3.4 million tonnes at 10.9 g/t for 1.19 million ounces gold
Inferred Resource of 3.6 million tonnes at 10.2 g/t for 1.16 million ounces gold
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 30, 2009) - Sabina Silver Corporation (TSX VENTURE:SBB) announced today that it has entered into a Definitive Asset Purchase Agreement (the "Agreement") to purchase the Back River and Wishbone properties in Nunavut, Canada (collectively known as the Back River Assets) from Dundee Precious Metals Inc. ("DPM").
As previously disclosed Sabina's strategy is to seek accretive acquisitions within established criteria while continuing to advance its Hackett River Project. The Company has been actively assessing large or district scale Canadian precious metals targets which have substantial already defined 43-101 mineral resource.
The Back River Assets consist of two main components, the original Back River property hosting the George and Goose Lake iron formation hosted gold deposits and a recent new project area, the Wishbone Project. This property covers a large portion of the Hackett River Greenstone Belt ("HRGB") and hosts Sabina's Hackett River Project as well as other smaller base and precious metal deposits. The combined properties total approximately 3,000 square km and cover a largely unexplored highly prospective greenstone belt.
"We are very excited about this transaction," said Tony Walsh, President & CEO. "All of the projects are in the same area and share logistical opportunities and potential development synergies. For example, the George Lake deposit is approximately 40 km from Hackett River. The Sabina management team has proven experience in successfully managing and permitting large arctic projects, including the development of Miramar Mining's Hope Bay Greenstone Belt. We have previously operated the George and Goose Lake projects and believe they have excellent potential to add to their resources. Also, Nunavut is a pro-mining jurisdiction, supportive of exploration and mining development. These Canadian properties will also provide the option for the Company to access, if required, funding through the sale of flow through qualified shares. We believe that this transaction adds immediate value to the Company and will continue to do so for years to come."
"We have always recognized the value of the Back River assets however, with our focus clearly on advancing our Bulgarian assets, this transaction provides us with an opportunity to continue to participate in Back River's growth and development without diverting resources from our core business," said Jonathan Goodman, President & CEO. "Back River is an excellent exploration property that will complement the adjacent Sabina properties allowing DPM to become a significant shareholder in a much larger exploration venture run by one of the best exploration groups in Canada."
More Precious Metals
The assets that add immediate tangible value in this transaction are the George and Goose Lake banded iron formation gold deposits. This year's exploration program at Hackett River will target higher value mineralization (copper, silver, gold). An increase in resources containing these metals would enhance the economics of the significant base metals component at Hackett River. On closing of this transaction, Sabina will significantly increase its precious metals portion of the resource base. The Company would control 205 million indicated ounces of silver and an additional 64 million inferred ounces of silver along with 1.2 million indicated ounces of gold and an additional 1.1 million inferred ounces of gold. These gold ounces are located in close proximity to the contemplated Hackett River infrastructure and both projects would benefit from logistical, exploration and management synergies.
Control of a New Canadian Greenstone Belt
The Wishbone Project is a large early stage exploration play. It consists of staked claims and prospecting permits covering the known extents of the HRGB. The claims and permits extend for nearly 150 kilometres north to south and up to 50 kilometres east to west. The belt contains Sabina's Hackett River Project as well as Savant Explorations' Yava and Xstrata's Musk deposits among others. The area has seen sporadic exploration starting in the early 1970's by large base metal companies including Noranda and Cominco, but has very limited drill testing. DPM recently conducted, over the core portion of the highly prospective HRGB, a high quality 12,350 line kilometre airborne VTEM (time-domain electromagnetic and magnetic) survey which has outlined 200 EM anomalies for prioritization and follow-up. The Wishbone Project gives Sabina years of prospective exploration targets providing opportunities to create leverage and value while more advanced projects are pushed towards fruition. The Wishbone targets also create opportunities for the development of satellite mill feed for the anticipated Hackett River mill.
To view the Claim Group Location Map, please click on the following link: http://media3.marketwire.com/docs/sbb1.pdf
Regional Influence
Of intrinsic value are the opportunities that exist for Sabina on a regional basis. Hackett River has amassed the size to exist as a stand-alone project, including supporting the cost of a dedicated road and deep water port if required. However, the acquisition of the Back River Assets could enable these large fixed costs to be spread over a larger and higher value resource base. Further, the established infrastructure at Hackett River could become an economic driver for the region and the territory. Projects in the area that may be uneconomic on their own could become viable by utilizing facilities established at Hackett River for service fees and/or tolls. This not only gives Sabina the opportunity to positively impact the economics of our own projects but also potentially have a strong influence on mining in the region.
To view the Project Location Map - Nunavut, please click on the following link: http://media3.marketwire.com/docs/sbb2.pdf
Sabina remains committed to a strong balance sheet. After expenditures incurred on this transaction and over the next 12 months on the projects, it is anticipated the Company will end 2009 with $20 million in cash.
Purchase Price
Sabina would acquire the Back River Assets by issuing to DPM in three tranches:
1) At closing:
$7 million cash
17 million Common Shares (approximately 18.8% of the number of currently outstanding)
2) A Series A Special Warrant(i)
3) A Series B Special Warrant(i)
(i)Special Warrants are comprised of one common share and one-half of one common share purchase warrant. The Series A Special Warrants to be triggered upon a Board decision to proceed to feasibility study or proceed to production on the Back River Assets. The Series B Special Warrants to be triggered upon a positive production decision on the Back River Assets.
Full details on the Warrants and their future triggering events are described below under "Terms".
The Board of Sabina appointed a Special Committee to consider the terms of the proposed transaction. Paradigm Capital Inc. was retained as advisor to the Special Committee of Sabina and has provided to such Special Committee of Sabina, their written and verbal advice, that the consideration offered pursuant to the transaction is fair, from a financial point of view, to the shareholders of Sabina. Dundee Securities was retained as a financial advisor to the Company.
Based on the report of the Special Committee and the Dundee Securities Inc. and Paradigm Capital Inc. fairness opinions, the Board unanimously recommended proceeding with the Agreement.
Directors and officers of Sabina hold 2.5% of the outstanding shares of the Company.
Board Nominees
Pursuant to the Nomination Rights Agreement referred to below as one of the ancillary agreements, upon closing of the transaction, DPM intends to nominate as its nominee members to the Board of Sabina Silver, Mr. Jonathan Goodman and Mr. David Fennell.
Jonathan Goodman is the President & CEO of DPM. Mr. Goodman has over 20 years experience in the resource and investment industry, working as a geologist, senior analyst, portfolio manager and senior executive. Mr. Goodman joined Goodman & Company, Investment Counsel Ltd. in 1990, where he was responsible for the selection of Canadian equities and played a major role in developing asset allocation strategies, before becoming the company's President. He is also a founder of Goepel Shields and Partners, an investment firm. Mr. Goodman graduated from the Colorado School of Mines as a Professional Engineer and holds a Master of Business Administration from the University of Toronto. He is also a Chartered Financial Analyst, and is a director of several publicly-traded resource companies.
Mr. Fennell received his law degree in 1979 from the University of Alberta and practiced in the areas of corporate and resource law, until 1983 when he founded Golden Star Resources. During his term as President & CEO, Golden Star became a TSE 300 company and one of the largest and most successful exploration companies. In 1998, Mr. Fennell left Golden Star to become Chairman and CEO of Cambiex Explorations Ltd., which became Hope Bay Gold Corporation. He held this position until the merger of Hope Bay and Miramar Mining Corporation where he continued as Executive Vice-Chairman and director for the combined entity until its takeover, in January 2008, by Newmont Mining Corporation. He was Chairman of Ariane Gold Corp. from August 2002 until its acquisition by Cambior Inc. in November 2003, and was a director of Palmarejo Silver and Gold Corporation until the merger with Coeur d'Alene Mines Corporation, one of the world's leading silver companies, in December 2007. He was also Chairman of Maximus Ventures Ltd. until the business combination with NX Gold Ltd. and the name change to Bear Lake Gold Ltd. He is currently Chairman of Bear Lake Gold Ltd., Reunion Gold Corporation and Queensland Minerals Ltd., as well as Executive Chairman of Odyssey Resources Ltd. and a director of Major Drilling Group International Inc.
Shareholder Rights Plan Adopted
Sabina announces the establishment of a shareholder rights plan agreement (the "Plan") effective Friday March 27, 2009 subject to TSXV acceptance. Although the plan is effective upon its adoption, in accordance with the TSXV requirements, it will be submitted to Sabina shareholders for approval at the Company's Annual General Meeting which is expected to be in May, 2009.
If the plan is approved at the meeting it will continue in effect until the earlier of the termination time as defined in the Plan or the date of the annual meeting of shareholders in 2012. If the plan is not approved, it will terminate at the end of this year's meeting. Provisions have been included in the Plan to exempt acquisitions of shares by DPM upon the exercise of its rights pursuant to the Agreement and ancillary agreements as described under the "Terms". The Plan is not designed to deter take-over proposals, but rather to provide proper opportunity for shareholders and management to consider the merits of any such proposals.
The Company believes the Plan is similar to those adopted by other Canadian companies, is consistent with Canadian corporate practice and addresses guidelines for such plans as set out by institutional investor advocates.
Sabina is not currently aware of any pending or threatened takeover initiatives directed at the Company. A copy of the Plan can be obtained by contacting info@sabinasilver.com.
Terms
Special Warrants
The Series A Special Warrants will be exercisable if any of the following events occurs:
(i) a positive decision is made by the board of directors of Sabina (or, if at the relevant time Sabina is not the operator or majority owner of the properties, a positive decision of the operator or the majority owner of the properties is made) to proceed with the preparation of a feasibility study (as defined in NI 43-101) on all or any part of the properties;
(ii) a positive decision is made by the board of directors of Sabina (or, if at the relevant time is not the operator or majority owner of the properties, a positive decision of the operator or the majority owner of the properties is made) to bring all or any part of the properties into production;
(iii) a consolidation, amalgamation, merger or take-over of Sabina that results in the acquisition of at least 66 2/3 of the outstanding Sabina Shares for cash consideration or, if for non-cash consideration, as long as the acquisition price is at least a 25% premium to the volume weighted average trading price (the "VWAP") of Sabina Shares for the five consecutive trading days ending on the trading day prior to the first public announcement of such consolidation, amalgamation merger or take-over; or
(iv) the transfer of the undertaking or assets of Sabina as an entirety or substantially as an entirety in a transaction that is subject to shareholder approval of Sabina.
Upon the occurrence of any of the events described above, the Series A Special Warrants will be automatically exercised and DPM will receive, without payment of additional consideration, 5,000,000 Class A Units, each comprising one Sabina Share and, if applicable, one-half of one Class A Unit Warrant. Each whole Class A Unit Warrant will be exercisable for five years from the closing date of the Agreement to purchase one Sabina Share at a price equal to the VWAP of the Sabina Shares on the TSXV the five consecutive trading days ending on the trading day prior to the closing ("Exercise Price"). The Series A Special Warrants and the Class A Unit Warrants will contain customary anti-dilution provisions in favour of DPM.
Upon the occurrence of any of the events described in (ii), (iii) or (iv) above, the Series B Special Warrants will be automatically exercised and DPM will receive, without payment of additional consideration, 5,000,000 Class B Units, each comprising one Sabina Share and, if applicable, one-half of one Class B Unit Warrant. Each whole Class B Unit Warrant will be exercisable for five years from the closing date of the Agreement, to purchase one Sabina Share at the Exercise Price. The Series B Special Warrants and the Class B Unit Warrants will contain customary anti-dilution provisions in favour of DPM.
Ancillary Agreements
DPM and Sabina will negotiate in good faith and enter into the following ancillary agreements at closing:
A. Equity Participation Agreement
The Equity Participation Agreement will grant to DPM the right to participate, up to 19.9% (the "Participation Right"), in any equity securities issued pursuant to a financing of Sabina (an "Equity Financing"), or equity securities issued by Sabina in connection with the acquisition of any shares or assets or a third party, if any (an "Acquisition Transaction"), provided that:
(a) the Participation Right will not apply to Sabina Shares issuable upon the exercise of stock options granted or to be granted under its stock option plan or to other outstanding rights to purchase Sabina Shares;
(b) in the event that the Series A Special Warrants or Series B Special Warrants or the Class A Unit Warrants or Class B Unit Warrants are exercised, the Participation Right will be increased to the percentage of the outstanding Sabina Shares owned by DPM after giving effect to such exercise;
(c) in the event of any Equity Financing or Acquisition Transaction, Silver Wheaton Corp. will have the first right to exercise its participation rights under the Silver Wheaton participation agreement, following which DPM will have the right, on a one-time basis in respect of that Equity Financing or Acquisition Transaction, to exercise the Participation Right after giving effect to any exercise by Silver Wheaton Corp. of its participation right;
(d) DPM will have the right to maintain its pro rata interest (calculated on an undiluted basis) in the event Sabina issues or proposes to issue equity securities pursuant to an Equity Financing or an Acquisition Transaction; and
(e) the Participation Right will terminate in the event that DPM ceases to beneficially own at least 10% of the number of Sabina Shares issued and outstanding at any time (calculated on an undiluted basis).
B. Nomination Rights Agreement
The Nomination Rights Agreement will grant to DPM the right, as long as DPM holds at least 15% of the outstanding Sabina Shares, to have two nominee-members on the board of Sabina and, as long as DPM holds at least 10% of the outstanding Sabina Shares, to have one nominee-member on the board of Sabina.
C. Qualification Rights Agreement
The Qualification Rights Agreement will grant to DPM the right to request the qualification for distribution by prospectus, at DPM's expense (unless such qualification for distribution is part of a public distribution being made by Sabina) as long as DPM holds more than 20% of the outstanding Sabina Shares or is otherwise considered a control person as such term is defined under the Securities Act (Ontario).
D. Standstill Agreement
Pursuant to the Standstill Agreement, DPM will agree that, for a period of at least four years DPM will not, either directly, through a subsidiary (as defined in the Securities Act (Ontario)) or with any third party acting jointly or in concert with DPM, without the prior written consent of Sabina (which consent may be given or withheld by Sabina in its sole discretion), acquire any Sabina Shares (other than pursuant to the Agreement and the ancillary agreements) if, after giving effect thereto, its direct or indirect beneficial ownership (as defined in section 90(1) of the Securities Act (Ontario)) of Sabina Shares would exceed its percentage ownership of the outstanding Sabina Shares immediately following closing (being 18.8%) (calculated on an undiluted basis), provided that the foregoing will not apply:
(a) from the time of the announcement, and for the duration, of a take-over bid made by an offeror, other than DPM, to all or substantially all of the shareholders of Sabina to purchase at least 50% of the number of Sabina Shares then outstanding; or
(b) if DPM makes a take-over bid to all or substantially all of the shareholders of Sabina to purchase all Sabina Shares then issued and outstanding, which take-over bid is open for acceptance for a period of at least the minimum period required by Canadian securities laws.
The Transaction is subject to regulatory approvals among others and may require shareholder approval.
Quality Assurance
The Hackett River mineral resource estimate was prepared by Mr. Albert Chong, P.Geo., Senior Geologist of AMEC Americas Limited. Mr. Chong is a qualified person as defined by National Instrument 43-101. CIM Definition Standards (2005) have been used in defining the mineral resource categories. The Hackett River resource estimate was announced on March 11, 2009. Mineral resources for Goose Lake and George Lake were generated by RSG Global Consulting Pty Ltd (Coffey Mining) in September 2007, and are posted on www.sedar.com. Mr. John Wakeford, P.Geo. and a Qualified Person in accordance with NI 43-101 has reviewed the resources referred to above and attached and has approved their dissemination.
SABINA SILVER CORPORATION is a Canadian public mineral exploration and development company with assets at the Hackett River silver-zinc project in Nunavut and several projects in the Red Lake gold camp. The Company is well capitalized with approximately $40 million in cash and marketable securities at December 31, 2008. The strategy to grow the company focuses on two mandates: 1) to continue to focus on enormous exploration and development potential of Hackett River Silver-Zinc project; and 2) Maintain strong balance sheet to acquire accretive precious metals assets.
Forward Looking Statements
Statements relating to exploration, pre-feasibility, development and production at Hackett River, Back River and the Wishbone Properties and the expected results of this work are forward-looking statements within the meaning of securities legislation of certain Provinces in Canada. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Information inferred from the interpretation of drilling results may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Sabina's operations and other risks and uncertainties, including those described in Sabina's Annual Report for the year ended December 31, 2007.
Forward-looking statements are based on the beliefs, estimates and opinions of Sabina's management on the date the statements are made. Sabina undertakes no obligation to update these forward-looking statements should management's beliefs, estimates or opinions, or other factors, should change.
This news release has been authorized by the undersigned on behalf of Sabina Silver Corporation.
Tony Walsh, President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact
Sabina Silver Corporation
Nicole Hoeller
Director, IR
(604) 998-4175 or 1-888-648-4218
Email: nhoeller@sabinasilver.com
Website: www.sabinasilver.com
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Sonst hätte es eine heftige Kurssteigerung gegeben.
Die Kurssteigerung kann von mir aus auch langsam poe a poe geschehen,ist mir viel lieber,haben ja noch Zeit.
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geht alle zur Wahl 2009.
Seht es als eine persönliche Pflicht an.
geht alle zur Wahl 2009.
Seht es als eine persönliche Pflicht an.
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auf L+S wenigstens
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