Anaconda Mining Inc.

Published : July 29th, 2015

Plantro Venture Group Ltd. intends to make an offer for Anaconda Mining Inc.

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Market | Market Conditions |

Plantro Venture Group Ltd. intends to make an offer for Anaconda Mining Inc.

TORONTO , July 29, 2015 /CNW/ - Plantro Venture Group Ltd. ("Plantro") announces today that it informed Anaconda Mining Inc. (ANX.TO) ("Anaconda") that Plantro intends to make a formal offer to Anaconda shareholders for all of the outstanding common shares of Anaconda for CAD$0.035 per share in cash.  The Offer will provide Anaconda shareholders with a liquidity option at a price consistent with current market levels.  Plantro is controlled by Tyler and Matthew Proud .

Plantro has requested an opportunity to perform detailed due diligence with respect to Anaconda.  Plantro anticipates being in a position to significantly enhance its offer subject to such due diligence.

The offer will be made in accordance with applicable laws.  The offer will be subject to customary conditions, such as a minimum tender condition.  Plantro will have sufficient funds available and the closing of the offer will not be conditioned on obtaining financing.  If the offer is completed, Plantro intends to acquire any remaining common shares not owned by it or its affiliates at the price per common share paid in the offer by means of the applicable statutory second step transaction.  Details of the terms and conditions of the offer will be provided in Plantro's takeover bid circular, when the offer is made and filed.

This news release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any securities.  Anaconda shareholders and other interested parties are urged to read the applicable takeover bid circular and other relevant documents filed with the applicable Canadian securities authorities when they become available.

Cautionary Information Regarding Forward-Looking Statements

Statements about the intentions of Plantro Venture Group Ltd. and the expected effects, timing and completion of the proposed transaction and all other statements in this release other than historical facts constitute forward-looking statements.  These statements are not guarantees of future actions or performance and involve risks and uncertainties that are difficult to predict.  The statements are based upon Plantro's current intentions, expectations and beliefs and are subject to a number of known and unknown risks and uncertainties that could cause actual results to differ materially from those described in the forward looking statements, including, among other things, whether the conditions to the offer will be satisfied, general economic factors, business and capital market conditions, general industry trends, changes in tax law requirements and government regulation.  There can be no assurances that any transaction will be consummated.  Plantro disclaims any obligation to update or revise the information in this news release based on new information or otherwise, unless otherwise required by law.

For information about Anaconda Mining Inc. please visit www.anacondamining.com

SOURCE Plantro Venture Group Ltd.

Read the rest of the article at finance.yahoo.com

Anaconda Mining Inc.

EXPLORATION STAGE
CODE : ANX.TO
ISIN : CA03240P1080
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

Anaconda Min. is a gold development stage company based in Canada.

Anaconda Min. holds various exploration projects in Canada and in Chile.

Its main exploration properties are BORTHWICK LAKE, LINGMAN LAKE and DAMOTI in Canada and SAN GABRIEL FE and HORSE MOUNTAIN - ANACONDA GOLD in Chile.

Anaconda Min. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 53.4 millions as of today (US$ 41.1 millions, € 36.8 millions).

Its stock quote reached its highest recent level on February 09, 2012 at CA$ 2.01, and its lowest recent point on December 24, 2015 at CA$ 0.04.

Anaconda Min. has 209 330 000 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 Anaconda Mining Inc.
6/3/2013Makes $1,754,580 Final Payment on Convertible Loan and Deben...
5/6/2013Announces Warrant Exercise
8/15/2011announces extension of Series III Debentures and propose...
4/11/2011ANNOUNCES EXTENSION OF COMMON SHARE PURCHASE WARRANTS
Nominations of Anaconda Mining Inc.
7/7/2015Kevin Bullock Joins Board of Directors of Anaconda Mining
11/20/2014Announces Election of Directors
10/10/2013Tim Casgrain Joins Board of Directors of Anaconda Mining
Project news of Anaconda Mining Inc.
1/25/2016Anaconda Mining drills 2.68 g/t Au over 15.9 metres and 2.11...
12/17/2015Anaconda Mining reports 17.76 g/t gold over 11 metres and 4....
2/26/2015Anaconda Mining maximizing Pine Cove deposit potential throu...
12/23/2014Anaconda Mining commences new drilling program on the Pine C...
12/16/2014Anaconda Mining reports 10.52 g/t gold over 3.5 metres, 8.13...
11/6/2014Anaconda Mining reports 18.60 g/t gold over 3.5 meters and 4...
6/11/2014Anaconda Mining initiates 2,000-meter diamond drilling progr...
5/19/2011REPORTS RECORD GOLD PRODUCTION AT PINE COVE: 344.2 TROY ...
Corporate news of Anaconda Mining Inc.
1/21/2016Anaconda Mining reports 1.89 g/t gold over 10 metres and ext...
10/19/2015Anaconda frees up nearly $800,000 in restricted cash
10/15/2015Anaconda Mining sells 3,956 ounces and generates $1.5M of EB...
9/17/2015Anaconda's Point Rousse Project Sells Nearly 4,000 Ounces of...
8/27/2015Anaconda Mining sells 15,821 ounces and generates $4.8m of E...
8/13/2015Anaconda Intersects More Near-Surface Mineralization at Nort...
8/4/2015Anaconda Acquires Corkscrew Property; Doubles Land Position ...
7/29/2015Anaconda Mining Comments on Proposed "Take-Under" Bid Announ...
7/29/2015Plantro Venture Group Ltd. intends to make an offer for Anac...
7/29/2015Anaconda Mining Reports 12.83 g/t Gold Over 4.38 Metres and ...
7/29/2015Reports 12.83 g/t Gold Over 4.38 Metres and 8.55 g/t Gold Ov...
6/18/2015Anaconda Mining sets annual production records and sells nea...
4/9/2015sells 4,508 ounces and generates $1.9M of Point Rousse Proje...
4/9/2015Anaconda Mining sells 4,508 ounces and generates $1.9M of Po...
3/19/2015Point Rousse Project has record sales volume of over 4,500 o...
3/19/2015Anaconda's Point Rousse Project has record sales volume of o...
2/27/2015Anaconda Provides a Strategic and Exploration Update on the ...
2/26/2015maximizing Pine Cove deposit potential through recent drilli...
1/9/2015Anaconda Mining Sells 3,431 Ounces and Generates Over $600,0...
1/8/2015Anaconda makes new gold discovery near the Pine Cove mill
12/23/2014commences new drilling program on the Pine Cove deposit
12/15/2014Pine Cove Mine Sells Over 3,400 Ounces of Gold; Generates $4...
12/15/2014Anaconda's Pine Cove Mine Sells Over 3,400 Ounces of Gold; G...
12/3/2014Anaconda Mining makes final payment on Atlantic Canada oppor...
12/3/2014makes final payment on Atlantic Canada opportunities agency ...
11/20/2014Anaconda Mining Announces Election of Directors
11/6/2014reports 18.60 g/t gold over 3.5 meters and 4.94 g/t gold ove...
10/9/2014Anaconda Mining Sells Nearly 4,000 Ounces and Generates Over...
9/18/2014Anaconda's Pine Cove Mine sells over 3,900 ounces of gold; g...
9/15/2014Anaconda Mining initiates drill program on the Stog'er Tight...
9/15/2014initiates drill program on the Stog'er Tight project
8/28/2014Anaconda Mining posts $4.3 million, or $0.02 per share, in n...
6/18/2014Anaconda Mining Intersects Multiple Zones Grading up to 3.17...
6/17/2014Anaconda's Pine Cove Mine sells approximately 3,800 ounces o...
6/16/2014Mast Therapeutics Initiates Sub-Study Within Phase 3 EPIC Tr...
6/11/2014initiates 2,000-meter diamond drilling program at its Deer C...
5/7/2014reports 26.12 g/t over 3.6 meters and 22.74 g/t over 5.0 met...
10/18/2013Announces Date of Annual Meeting
9/16/2013Intersects New Gold Zone at Romeo and Juliet Prospect; Assay...
9/10/2013Receives First Commercial Production Payment of US$1 Million...
8/26/2013to Receive First Commercial Production Payment of US $1 Mill...
7/8/2013Initiates 2,000-Meter Diamond-Drill Program at Pine Cove's R...
6/18/2013Begins Regional Airborne Geophysical Survey of Its Pine Cove...
6/13/2013Pine Cove Mine has Record FY Q4 '13 Sales Volume of Nearly 4...
4/12/2013Generates $856,762, or $0.005 Per Share, in Net Income for F...
4/4/2013Reports Successful Romeo and Juliet Bulk Sample Assay Result...
3/25/2013Intersects 20 Metres of 2.15 g/t Gold in New Western Extensi...
3/19/2013Pine Cove Mine Sells Approximately 3,100 Ounces of Gold in F...
1/14/2013Initiates Diamond Drilling to Test Potential Down-Dip Extens...
1/14/2013Initiates Diamond Drilling to Test Potential Down-Dip Extens...
12/11/2012Options Strategic Property Near Its Pine Cove Mine; Identifi...
10/12/2012generates $1.5 Million in Net Income for FY Q1 2013
10/6/2011Pine Cove Gold Mine Generates Over $1.5 Million in EBITDA Du...
9/14/2011Pine Cove gold mine posts another record quarter; mill recov...
8/25/2011Pine Cove gold mine generates over $500,000 in EBITDA in Jun...
6/27/2011PINE COVE GOLD MINE GENERATES OVER $900,000 IN EBITDA IN APR...
5/2/2011IMPROVES PINE COVE MILL PERFORMANCE; SHIPS RECORD AMOUNT OF ...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (ANX.TO)FRANKFURT (GJ2A.F)
0.255+2.00%0.072+0.00%
TORONTO
CA$ 0.255
01/03 11:39 0.010
2%
Prev close Open
0.250 0.255
Low High
0.255 0.260
Year l/h YTD var.
0.250 -  0.255 2.00%
52 week l/h 52 week var.
0.195 -  0.355 2.00%
Volume 1 month var.
147,000 13.33%
24hGold TrendPower© : -6
Produces
Develops
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
202030.77%
2019-11.36%0.360.19
2018120.00%0.560.09
201766.67%0.110.05
201650.00%0.110.04
 
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$ 8.41+2.31%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.86+2.88%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 2.98+0.34%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 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$ 1.29+0.78%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 1.39+8.59%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.01+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.29+0.44%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 0.72+4.35%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 7.64-2.36%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.06+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.10+0.00%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 ...
CA$ 2.30+0.00%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 26.02+0.89%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 :