Golden Minerals and ECU Silver Mining Inc. Announce Results of Special Meetings of Securityholders
Published : August 30, 2011
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Silver |

GOLDEN, CO and TORONTO, ON--(Marketwire - August 30, 2011) - Golden Minerals Company (NYSE Amex: AUMN) (TSX: AUM) ("Golden Minerals") and ECU Silver Mining Inc. (TSX: ECU) ("ECU") are pleased to announce that their previously disclosed business combination by way of court-approved Plan of Arrangement (the "Arrangement") has been approved by the stockholders of Golden Minerals and the securityholders of ECU.

Golden Minerals held a special meeting of its stockholders earlier today in Golden, Colorado, USA. At that meeting, Golden Minerals' stockholders approved the issuance of shares of Golden Minerals common stock in connection with the Arrangement, with 98.68% of the votes cast by the Golden Minerals' stockholders voting in favor. Golden Minerals' stockholders also approved an amendment to Golden Minerals' certificate of incorporation to increase the number of authorized shares of Golden Minerals common stock from 50,000,000 to 100,000,000.

ECU held a special meeting of its securityholders earlier today in Montreal, Québec, Canada. At the ECU meeting, ECU's securityholders also approved the Arrangement, with 98.41% of the votes cast by ECU's securityholders, voting together as a single class, voting in favor of the Arrangement. In addition, the shareholders of ECU voting as a separate class, as well as the minority shareholders of ECU, approved the Arrangement by majorities of 98.08% and 98.03%, respectively.

A hearing is scheduled with the Superior Court of Québec on the morning of August 31, 2011 in order to consider an application for a final order approving the Arrangement. Provided that the Arrangement is approved by the Superior Court of Québec and the other closing conditions are satisfied or waived, Golden Minerals and ECU anticipate that the Arrangement will be completed on or about Friday, September 2, 2011. The Golden Minerals common stock to be issued to ECU's securityholders in connection with the Arrangement is expected to begin trading on the NYSE Amex and the TSX on or about Tuesday, September 6, 2011. The Golden Minerals warrants to be issued to holders of ECU Warrants expiring on February 20, 2014 in connection with the Arrangement are expected to begin trading on the TSX on or about Wednesday, September 7, 2011.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933 and Section 21E of the United States Securities Exchange Act of 1934 and applicable Canadian securities laws, including statements regarding the timing of completion of the Arrangement and the trading of Golden Minerals common stock and warrants to be issued upon consummation of the Arrangement. Golden Minerals and ECU have provided these anticipated times in reliance on certain assumptions that they believe are reasonable at this time, including assumptions as to the timing of receipt of the necessary regulatory and court approvals, and the satisfaction of and time necessary to satisfy the conditions to the closing of the Arrangement. These dates may change for a number of reasons, including inability to secure necessary regulatory or court approvals in the time assumed or the need for additional time to satisfy the conditions to the completion of the Arrangement. In addition, the Arrangement is subject to a number of conditions that are typical for transactions of this nature. Failure to satisfy any of these conditions may result in the termination of the definitive agreement to combine Golden Minerals and ECU, and the Arrangement may not be completed.

Additional information on these and other factors that could affect Golden Minerals' and ECU's, or the combined company's, operations or financial results are included in reports on file with applicable securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com), the EDGAR website (www.sec.gov), Golden Minerals' website (www.goldenminerals.com), or ECU's website (www.ecu.ca).

The forward-looking statements and information contained in this press release are made as of the date hereof and Golden Minerals and ECU undertake no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless expressly required by applicable securities laws.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this press release.



Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

VanEck Vectors Global Alternative Energy ETF

PRODUCER
CODE : AUM.TO
ISIN : US3811191069
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Golden Minerals is a gold and silver development stage company based in United states of america.

Golden Minerals produces gold, silver, copper, lead and zinc in Mexico, develops silver in Argentina, and holds various exploration projects in Mexico.

Its main assets in production are SAN JUANES, SAN MATEO, SANTA JUANA and VELARDENA DISTRICT in Mexico, its main asset in development is EL QUEVAR in Argentina and its main exploration properties are SAN MIGUEL, SAN PEDRO, ZACATECAS, MATEHUAPIL, LA PINTA, SAN DIEGO, NAZAS and TERNERAS in Mexico, ELISA DE BORDOS in Chile and COCHABAMBA, JEHUAMARCA, CHAVIN and PALCA in Peru.

Golden Minerals is listed in Canada, in Germany and in United States of America. Its market capitalisation is 42.7 millions as of today (US$ 32.8 millions, € 30.4 millions).

Its stock quote reached its highest recent level on March 05, 2010 at 9.99, and its lowest recent point on January 22, 2016 at 0.19.

Golden Minerals has 47 442 200 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of VanEck Vectors Global Alternative Energy ETF
9/10/2014Announces Closing Of Equity Financing
9/19/2012Announces Closing Of Equity Financing
9/14/2012Announces Equity Financing
10/3/2011Announces Private Placement and Filing of Shelf Registration
Nominations of VanEck Vectors Global Alternative Energy ETF
3/14/2012Appoints Construction Manager for Velardena
Financials of VanEck Vectors Global Alternative Energy ETF
7/15/2015Reports Second Quarter 2015 Velardena Performance
11/6/2014Reports Third Quarter Financial Results And Provides Busines...
8/6/2014Announces Second Quarter 2014 Results
5/1/2014Announces First Quarter 2014 Results
11/6/2013Announces Third Quarter 2013 Results
8/8/2013Announces Second Quarter 2013 Results
5/8/2013Announces First Quarter 2013 Results
5/9/2012Reports First Quarter 2012 Results
3/8/2012Reports 2011 Year-End Results
8/8/2011Reports Second Quarter 2011 Results
5/4/2011Reports First Quarter 2011
2/17/2011Reports 2010 Year-End Results
Project news of VanEck Vectors Global Alternative Energy ETF
6/21/2013Announces Suspension Of Production
1/25/2013(El Quevar)Reports Possible Extensions Of Mineralized Zones At El Queva...
10/11/2012Reports Production Increases of 28% for Silver and 27% for ...
8/24/2011(El Quevar)Provides an Update on the Drilling and Underground Drifting ...
4/8/2011(El Quevar)Provides an Update on the Development Drift at El Quevar and...
1/22/2008(San Cristobal)Provides Operations Update
12/31/2006(El Quevar)Drill hole intercepts
Corporate news of VanEck Vectors Global Alternative Energy ETF
6/30/2016Why Investors Have This Industrial Metals & Minerals' Stocks...
6/13/2016Sentient Group Converts Remaining Debt To Golden Minerals Sh...
5/3/2016Golden Minerals Announces $4 Million Registered Direct Offer...
4/29/2016Golden Minerals Reports First Quarter 2016 Results
4/11/2016Golden Minerals Issues No Corporate Development Statement
12/18/2015Golden Minerals Provides Financial And Meeting Updates
8/9/201510-Q for Golden Minerals Co.
8/6/2015Golden Minerals Reports Second Quarter 2015 Financial Result...
7/31/2015Golden Minerals Announces CEO Retirement
7/15/2015Golden Minerals Reports Second Quarter 2015 Velardena Perfor...
7/15/2015Golden Minerals Leases Oxide Plant To Hecla
7/7/2015Golden Minerals Discovers New Silver And Gold Mineralization...
4/20/2015Golden Minerals Announces Mineral Resource Estimates For San...
4/20/2015Announces Mineral Resource Estimates For Santa Maria And Los...
4/17/2015Golden Minerals Provides Information Regarding Its Upcoming ...
4/14/2015Golden Minerals Reports Velardena Performance In Line With G...
4/14/2015Reports Velardena Performance In Line With Guidance
2/28/2015Golden Minerals Reports 2014 Year-End Results
2/27/2015Golden Minerals Reports 2014 Year-End Results
12/23/2014Provides Update For Velardena Mine Restart
7/14/2014' Mining Underway; Additional Vein Added To Plan
2/27/2014Reports High-Grade Gold Drill Intersections
11/1/2013Initiates Succession Planning
4/11/2013Announces Record First Quarter 2013 Production Of Silver
2/13/2013Announces 2013 Operating Plan
11/8/2012Announces Third Quarter Results and $2.0 Million in Expl...
9/27/2012To Present At The John Tumazos Very Independent Research, LL...
5/31/2012Announces Sale of Platosa Royalty for $2.4 Million and Engag...
5/18/2012Announces High Grade Resource Estimate for Velardena Propert...
5/4/2012Provides Update of First Quarter Production and Full Year Gu...
4/10/2012(El Quevar)Announces Significant Increase to Indicated Silver Resources...
3/28/2012Tag and Golden Minerals Amend San Diego Joint Venture Terms
2/7/2012Appoints Vice President of Exploration
1/11/2012Reports Significant Operational Improvements at Velardena an...
12/8/2011Continues to Drill High Grade Silver With Wide Intercepts at...
8/30/2011and ECU Silver Mining Inc. Announce Results of Special Meeti...
6/24/2011Company and ECU Silver Mining Inc. Announce Merger of Equals...
6/2/2008the Sale of the Rights to Deferred Payments to Sumitomo for ...
2/29/2008Reports 2007 Year-End Results
2/25/2008Provides Operations Update
10/4/2005Follow up N° 16
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (AUM.TO)NYSE (AUMN)
0.900+3.45%0.230-0.43%
TORONTO
CA$ 0.900
01/31 14:16 0.030
3.45%
Prev close Open
0.870 0.870
Low High
0.870 0.910
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.900 -%
Volume 1 month var.
5,440 -%
24hGold TrendPower© : -21
Produces Copper - Gold - Lead - Silver - Zinc
Develops Silver
Explores for Copper - Gold - Lead - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 4/20/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.08+0.50%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 8.91-2.73%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59-3.26%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.06+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 12.67+0.88%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.34+6.25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+2.70%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 1.77-2.21%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 40.37-0.22%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.