Golden Minerals Ord Shs T.AUMN

Alternate Symbol(s): AUMN

Metals & Mining Industrial Metals & Minerals

Golden Minerals Company is a precious metals mining exploration company. The Company is primarily focused on advancing its Yoquivo property in Mexico and, through partner-funded exploration, advancing its El Quevar silver property in Argentina. It is also focused on acquiring and advancing selected mining properties in Mexico, Nevada and Argentina. The Yoquivo Project is located 210 km west-southwest of the city of Chihuahua, in Ocampo Municipality, Chihuahua State. The Yoquivo Project consists of approximately seven mining concessions with an area totaling about 1,975 hectares (Ha). The El Quevar silver exploration project is located in the San Antonio de los Cobres municipality, Salta Province, in the altiplano region of northwestern Argentina. The El Quevar project is comprised of approximately 31 mining concessions that it holds directly or indirectly through its wholly owned subsidiaries. In total, the El Quevar project encompasses approximately 57,000 Ha.

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Golden Minerals Ord Shs

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Post by redneck1on Jun 13, 2016 9:46am

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Post# 24959752

NEWS....

...very interesting, could have been the catalyst for a dynamic move higher, nothing yet on the share price.

Sentient Group Converts Remaining Debt To Golden Minerals Shares

T.AUM | 2 hours ago

Canada NewsWire

GOLDEN, Colo., June 13, 2016

GOLDEN, Colo., June 13, 2016 /CNW/ -- Golden Minerals Company (NYSE MKT: AUMN; TSX: AUM) ("Golden Minerals" or "the Company") is pleased to announce that The Sentient Group ("Sentient") has elected to convert the remaining principal and interest due under the terms of a convertible loan into common stock, effective June 10, 2016. After the conversion, Golden Minerals will carry no debt on its books.

On June 10, 2016, Sentient converted approximately $1.16 millionprincipal and accumulated interest into 4,011,740 shares of Golden Minerals common stock. The conversion price was equal to 90% of the 15-day VWAP (volume weighted average price) immediately preceding the loan's original issue date. After conversion, Sentient holds approximately 46.8 percent of Golden Minerals' 88.9 million shares of issued and outstanding common stock.

Golden Minerals initially received $5.0 million in a secured, one-year convertible loan from The Sentient Group on October 27, 2015. Conversion of the principal plus interest into shares of Golden Minerals common stock was approved at a special meeting of stockholders held onJanuary 19, 2016. Sentient converted approximately $3.9 million principal plus $0.1 million accumulated interest into 23,355,000 Golden Minerals shares on February 11, 2016.