Starcore International Mines Ltd T.SAM

Alternate Symbol(s): SHVLF

Metals & Mining Gold

Starcore International Mines Ltd. is engaged in precious metals production with focus on Mexico. The Company is engaged in extracting and processing gold and silver in Mexico through the San Martin mine in Queretaro, Mexico. The San Martin mine is located about 47 about kilometers (km) in straight line, northeast of Queretaro City, Queretaro State, on local road No.100 and about 250 km northwest of Mexico City, near the towns of Bernal, Tequisquiapan and Ezequiel Montes. The San Martin mine complex consists of eight mining claims that cover 12,991.7805 hectares (ha). Its Kimourko Gold Project is located in the Lac region of central Ivory Coast, about 40 km south of the capital, Yamoussoukro. Its other projects include the El Creston Project, the Opodepe Project, and the Ajax Project. The El Creston molybdenum property is located in the State of Sonora, Mexico. The Ajax Molybdenum Property consists of about 11,718 ha and is located 13 km north of Alice Arm, British Columbia.

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Starcore International Mines Ltd > I am not happy with this hostile takeover bid at all.

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Comment by moorageon May 15, 2022 1:16am

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Post# 34684544

RE:RE:I am not happy with this hostile takeover bid at all.

Perhaps their main interest is in our Creston Moly

......valuing Creston Moly at approximately Cdn$194 million."

Starcore Closes Acquisition of Creston Moly February 19, 2015 Vancouver, B.C. –

Further to its press release of January 23, 2015, Starcore International Mines Ltd. (the “Company”) announces that it has closed the transaction to acquire all of the shares of Creston Moly Corp. (“Creston” or “Creston Moly”) from Deloitte Restructuring Inc., in its capacity as trustee in bankruptcy of Mercator Minerals Ltd. (the “Trustee”), at a purchase price of Cdn$2 million (the “Transaction”). The closing of the Transaction followed the Supreme Court of Canada discharging Creston Moly from bankruptcy, clearing the way for Starcore to continue with the development and further exploration of Creston’s properties.

Creston Moly was formerly a wholly-owned subsidiary of Mercator Minerals, who acquired Creston Moly in 2011 in a cash-and-shares deal valuing Creston Moly at approximately Cdn$194 million.

Creston Moly is a British Columbia company that owns, through its subsidiaries, a 100% interest in three molybdenum-copper projects:
The El Creston Project in Sonora, Mexico;
The Ajax Project in British Columbia;
and The Molybrook Project in Newfoundland.

https://starcore.com/en/investors/news/2015/starcore-closes-acquisition-of-creston-moly/