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Bullboard - Stock Discussion Forum KAMINAK GOLD CORPORATION V.KAM

"Kaminak Gold Corp was incorporated on July 4, 2005 under the Business Corporations Act (British Columbia). The Company is an exploration stage company. It focuses on the acquisition, exploration and development of economic gold and other precious and base metal properties. The projects of the Company include Michigan Potash Project, Michigan. The Company is interested in exploration properties... see more

TSXV:KAM - Post Discussion

KAMINAK GOLD CORPORATION > Kaminak sold to Goldcorp...
View:
Post by crowcreekkate on May 12, 2016 8:37am

Kaminak sold to Goldcorp...

So that's it...a lousy $2.62/share... Under the Arrangement, each common share of Kaminak will be exchanged for 0.10896 common shares of Goldcorp (the Exchange Ratio). The Exchange Ratio represents a value of C$2.62 per share based upon the closing price of Goldcorp on the TSX on May 11, 2016 of C$24.08.
Comment by TradingForMe on May 12, 2016 8:54am
This post has been removed in accordance with Community Policy
Comment by thedave2006 on May 12, 2016 8:58am
ok deal.  :)  from now until closing, if gold goes up and goldcorp shares go up....then we could squeeze out 0.10 per $1 move in Goldcorp. https://ca.finance.yahoo.com/news/goldcorp-announces-acquisition-kaminak-gold-123000274.html
Comment by goldminer01 on May 12, 2016 10:18am
This post has been removed in accordance with Community Policy
Comment by termic1 on May 12, 2016 10:33am
Well, I was looking at this one as a potential 10 bagger in a major run but this always happens and it is never sold at the market peak. I have doubled my money so I sold off half here. However, we should expect two more bids; if GG wants it so will another biggie like AEM or someone else will come in with a bid, and then GG has to up the ante. This is the typical process.
Comment by Shylock on May 13, 2016 2:01am
$2.60?  Pathetic.  Either the deposit isn't worth much or Goldcorpse gets to steal another one. One thing, though, the BIG payout will go to management, just as it did in the Cayden Resourses theft.  Bebek made out like a bandit and now he's doing it all over again with Auryn. I wouldn't touch another of his companies with a hundred foot pole. As for Goldcorpse, ...more  
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