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Americas Gold and Silver Corporation T.USA

Alternate Symbol(s):  USAS

Americas Gold and Silver Corporation is a Canada-based precious metals mining company with multiple assets in North America. The Company owns and operates the Cosala operations in Sinaloa, Mexico, manages the 60%-owned Galena Complex in Idaho, United States of America, and is re-evaluating the Relief Canyon mine in Nevada, United States of America. The Company also owns the San Felipe development project in Sonora, Mexico. The 100%-owned Cosala operations are located in the state of Sinaloa, Mexico and consist of 67 mining concessions that cover approximately 19,385 hectares. The Cosala operations are located in the east-central portion of the state of Sinaloa, Mexico, near the town of Cosala. The Relief Canyon Mine is located in Pershing County, Nevada. The project encompasses an open pit mine and heap leach processing facility.


TSX:USA - Post by User

Comment by etwhiteon Sep 07, 2007 10:30am
228 Views
Post# 13356429

RE: my goodness

RE: my goodnessThat press release talks about taking Scorpio Gold public and have a "controlling" interest in it, and "To advance the Company's gold assets without share dilution to Scorpio Mining Corporation shareholders or use of existing funds." Doesn't this suggest to you that the company (we) will only retain some of the shares and the rest will be issued to raise funds. It is more likely to be a 4 for 1, or 3 for 1, or 2 for 1 deal, something like that. Nothing they have said suggests that they are going to distribute all the SG shares to us in a 1 for 1.
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