McEwen Mining Inc MUX

Alternate Symbol(s): T.MUX

Metals & Mining Industrial Metals & Minerals

McEwen Mining Inc. is a gold and silver producer. It owns over 48% of McEwen Copper Inc., which owns the Los Azules copper project in Argentina. Its segments include Canada, United States, Mexico, Minera Santa Cruz S.A. (MSC) and McEwen Copper. The United States segment includes the Gold Bar mine and its exploration properties in the State of Nevada. Canada segment includes the Fox Complex gold properties, including its Froome underground mine; the Stock Project; the Stock mill; the Grey Fox exploration project; a number of exploration properties located near the city of Timmins, Ontario, Canada, and the Black Fox mine. Mexico segment includes the El Gallo mine and the related advanced-stage Fenix Project, located in Sinaloa state. MSC Segment includes 49% interest in the San Jose mine, located in Santa Cruz, Argentina. Its Eureka project includes the Lookout Mountain Property and the historical Lookout Mountain and Windfall Mines in a total property position of over 28 square miles.

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McEwen Mining Inc

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Post by Goldenalligatoron May 12, 2017 12:37am

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Post# 26235308

premium for lexam shareholders?

My understanding is Lexam Shareholders were supposed to receive a 30% premium to the shareprice based on the price at which Lexam was trading when the acquisition was announced.

I remember wondering before the deal went through why LEX was not trading at or near the announced premium.

Comparing my cost basis for my previous LEX shares with the CB of the new MUX shares I see that there is no difference.

I can only conclude I have misunderstood something about the deal. Can someone clarify for me where the premium is reflected and how to the conversion was done?

Thanks.

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