OTCPK:BLGFF - Post by User
Post by
Teatimenowon Jan 24, 2014 9:31am
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Post# 22129161
superb news!! Kerr + Bear Lake
superb news!! Kerr + Bear Lake Kerr Mines and Bear Lake Gold Announce Agreement to Combine the Companies
https://www.marketwired.com/press-release/kerr-mines-and-bear-lake-gold-announce-agreement-to-combine-the-companies-tsx-ker-1872209.htm
Kerr brings:
TSX main board listing
approx 6 million in cash
proven management coming from successfull companies like TTR (taken over)
at 0.06$/Kerr share the implied exchange ratio of 1.4 Commons and one warrant that deal is worth at least 8 cents to Bear Lake shareholders.
I like what Kerr is doing here, consolidation of a district AND they were able to raise 5+ million in NOV/DEC 2013, a time when almost noone was able to raise a penny...speaks volume about the management
Bear lake was/is undervalued big time with its 30million JV agreement with Gold Fields, lets hope Kerr mgnt can tell the story better than BLR....they will attend PDAC 2014...
chrs