OTCQX:BGMZF - Post by User
Comment by
tallestdudeon Jun 27, 2014 3:00pm
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Post# 22701678
RE:News release: Avino to pick up shares
RE:News release: Avino to pick up sharesCORRECTION!!!!! BRALORNE's SYMBOL is
B P M,
NOT B G M as you gleefully reported TOTALLY IN BREATHLESS fervor, yesterday, HALCROPSKIPLOPSKI
Avino Silver & Gold did NOT buy a wad of BGM shares on the 25th.
halcro wrote: 2014-06-26 16:31 ET - News Release
Shares issued 28,513,844
Close 2014-06-25 C$ 0.275
From News Release (C:ASM) Avino Silver & Gold Mines Ltd
Mr. Malcolm Davidson of Avino reports
AVINO PROPOSES TO ACQUIRE COMMON SHARES.
Avino Silver & Gold Mines Ltd., by a share purchase agreement dated June 25, 2014, has agreed to privately acquire 9.5 million common shares of B G M for a purchase price of 28 cents per share ($2.66-million in total), representing approximately 33.3 per cent of Bralorne's total issued and outstanding shares. The proposed transaction will proceed by way of an exempt takeover bid, after the vendor provides the required statutory seven days notice of intent to distribute securities of Bralorne.