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Starcore International Mines Ltd T.SAM

Alternate Symbol(s):  SHVLF

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.


TSX:SAM - Post by User

Comment by lawnmoredanon Feb 01, 2007 12:45am
336 Views
Post# 12137823

RE: worried.....

RE: worried.....Worried is normal.Fate is out of your hands now.Either its a done deal or it is not,and I don't even want to go there.As far as the selling goe's-if the deal went south there filings would show insider info and they would be held accountable.No I think the news has a much higher chance of being the closure of the deal then anything else.I was told earlier in the week by a rep at starcore that certain wording in the latest newreleases makes them accountable if it did not close.Well I live on the pretense "BUYER BEWARE" and I dont really think what I was told would be valid in those regards.Anyway just incase I have a stop loss in place from $1.00 to 0.60 here is some wording from there latest NRs-Note the wording*definitive agreement*---*the Company to close the acquisition by Starcore* The closing of the transaction is scheduled to occur on or before November 24, 2006. Completion of the transaction is subject to, among other things (i) receipt of all required regulatory and stock exchange approvals, (ii) receipt of all third party consents and approvals, and (iii) completion by Starcore of not less than US$25 million in financing. 10/03/2006------------------------------------------------------------ including entering into a definitive agreement regarding the acquisition of the San Martin Mine (the "Transaction") and receipt of Exchange acceptance of the Transaction and the related financing. Consequently, all of the escrowed funds have now been released to the Company to close the acquisition by Starcore of the San Martin Mine from Luismin S.A. de C.V., a wholly owned subsidiary of Goldcorp Inc. (TSX:G)(NYSE:GG). (See previous press releases.) 1/29/07 Anyway-We shall see, said the blindman to the deafmute with no ears!Goodluck.Dan
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