Starcore International Mines Ltd SHVLF

Primary Symbol: T.SAM

Metals & Mining Gold

Starcore International Mines Ltd. is a Canada-based company, which is engaged in exploring, extracting, and processing gold and silver. The Company through its wholly owned subsidiary, Compania Minera Pena de Bernal, S.A. de C.V. (Bernal), which owns the San Martin mine in Queretaro, Mexico. It is also engaged in acquiring mining related operating assets and exploration assets in North America. Its San Martin mine is located approximately 50 kilometers (km) east of the City of Queretaro, Mexico, and consists of mining concessions covering approximately 13,077 hectares (ha), which includes seven underground mining units and four units under exploration. Its Ajax Molybdenum property, approximately 1,718 hectares in size, hosts the Ajax Porphyry Molybdenum Deposit. Its Opodepe project consists of the Teocuitla and El Creston properties. Its El Creston molybdenum property is located in the State of Sonora, Mexico. Its Toiyabe Gold Project is located in Lander County, Nevada, United States.

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Starcore International Mines Ltd > I am not happy with this hostile takeover bid at all.

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Comment by moorageon May 15, 2022 1:16am

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Post# 34684544

RE:RE:I am not happy with this hostile takeover bid at all.

Perhaps their main interest is in our Creston Moly

......valuing Creston Moly at approximately Cdn$194 million."

Starcore Closes Acquisition of Creston Moly February 19, 2015 Vancouver, B.C. –

Further to its press release of January 23, 2015, Starcore International Mines Ltd. (the “Company”) announces that it has closed the transaction to acquire all of the shares of Creston Moly Corp. (“Creston” or “Creston Moly”) from Deloitte Restructuring Inc., in its capacity as trustee in bankruptcy of Mercator Minerals Ltd. (the “Trustee”), at a purchase price of Cdn$2 million (the “Transaction”). The closing of the Transaction followed the Supreme Court of Canada discharging Creston Moly from bankruptcy, clearing the way for Starcore to continue with the development and further exploration of Creston’s properties.

Creston Moly was formerly a wholly-owned subsidiary of Mercator Minerals, who acquired Creston Moly in 2011 in a cash-and-shares deal valuing Creston Moly at approximately Cdn$194 million.

Creston Moly is a British Columbia company that owns, through its subsidiaries, a 100% interest in three molybdenum-copper projects:
The El Creston Project in Sonora, Mexico;
The Ajax Project in British Columbia;
and The Molybrook Project in Newfoundland.

https://starcore.com/en/investors/news/2015/starcore-closes-acquisition-of-creston-moly/