RE:RE:First mining sharesI got a reply from Todd today. See below.
I am not sure why market conditions would lead to suspending the decision. After all (unless I am wrong) it was would involve dividing the shares cross existing shareholders. Maybe they felt that a lot of people would sell putting a downward pressure on the share price.
Thanks for your email below. Unfortunately, First Majestic has temporally suspended the spinout of First Mining Finance to existing shareholder of First Majestic Silver due to market conditions. Our plan is to revisit the decision in early to mid-2016 and hopefully it’s a better time to do so.
I hope this helps answer your question – but please feel free to contact me directly if you have any further comments/questions.
Todd Anthony, MBA
VP Investor Relations