Cosigo Resources Ltd V.CSG.H

Alternate Symbol(s): COSRF

Metals & Mining Industrial Metals & Minerals

Cosigo Resources Ltd. is a Canada-based junior exploration company. The principal business of the Company is the acquisition of interests in mineral applications and in mineral exploration licenses in Colombia and Brazil, South America. The Company is exploring for gold and lithium deposits. The Company has title to an area of approximately 10,000 hectares (ha) in the Taraira North, Vaupes Province of Colombia and has focused its efforts on an area referred to as the Machado Project. The Company also holds a 100% interest in the Willow Creek property, located in the northern sierras of Nevada near Winnemucca, a 100% interest in the Damian property in the Cordillera region of Colombia, and owns 13.26% of DHK Diamonds Inc., a company exploring for diamonds in the DO27 region of the NorthWest Territories of Canada. The Damian property is located in the Damian area, province of Cauca, Colombia.

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Cosigo Resources Ltd

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Comment by DetVicMackeyon Jun 30, 2009 2:47am

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Post# 16107763

RE: Merger or buyout !

I think we get a cash and share offer. 100M+ is indeed a lot of cash even for an intermediate producer and that would be my guess as to our future suitor. We would get some of our investment back upfront while still getting some upside from the complete development of El Castillo and La Fortuna. I don't know of many other juniors with enough cash or projects that would interest us in a merger so a combination with a bigger player makes more sense obviously. A major producer may buy us out, but that would come in the form of a bigger cash premium which is possible, but not as likely for us since we don't get to fully realize the potential of our mines.

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