Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
War Eagle Acquires Andromeda Resources Inc.
Published : February 11, 2013
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   G Mexico | Germanium | Lead | Market | Mexico | Zinc |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 11, 2013) - War Eagle Mining Company Inc. (News - Market indicators) ("War Eagle" or the "Company") announced today that it and a wholly owned subsidiary had entered into a definitive agreement (the "Amalgamation Agreement") dated January 23, 2013 with Andromeda Resources Inc. ("Andromeda"). The Amalgamation Agreement was entered into pursuant to a merger agreement between War Eagle and Andromeda announced on January 21, 2013. The wholly-owned War Eagle subsidiary resulting from such amalgamation will carry on the base metals development business of Andromeda in Mexico. The Amalgamation Agreement was approved by the Andromeda shareholders at a meeting on February 4, 2013, by the TSX Venture Exchange ("TSXV") on February 7, 2013 and the amalgamation was effective on February 8, 2013.

The Amalgamation Agreement provides that, among other things, each common share of Andromeda will be exchanged for 0.897 of a War Eagle common share. Completion of the amalgamation will result in the issue by War Eagle of 3,048,287 common shares; no fractional shares will be issued. The resulting share capital of War Eagle will be 15,241,436 common shares of which the shareholders of War Eagle will own approximately 80% and the former shareholders of Andromeda (other than War Eagle) will own the remaining 20%. 

About War Eagle

War Eagle Mining Company Inc. is an experienced mineral exploration and development company publicly traded since 1987 and listed on the TSXV under the symbol "WAR". The Company has been in the exploration phase of the Tres Marias zinc-lead-germanium project in Chihuahua, Mexico. Tres Marias is a former producing zinc and germanium mine that first produced ore in 1949.

This news release was prepared by management of War Eagle, which takes full responsibility for its contents.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

War Eagle Mining Company Inc.
Paul A. Carroll
Executive Chairman
416-369-7217
or
War Eagle Mining Company Inc.
Donald Padgett
Director
760-485-7678
info@wareaglemining.com
www.wareaglemining.com
Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

War Eagle Mining Company Inc.

EXPLORATION STAGE
CODE : WAR.V
ISIN : CA9339013083
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

War Eagle Mining is a producing silver and gold company based in Canada.

War Eagle Mining holds various exploration projects in Mexico.

Its main exploration properties are MAC and GEORGE'S LAKE in Canada and TRES MARIAS in Mexico.

War Eagle Mining is listed in Canada and in United States of America. Its market capitalisation is CA$ 879 611 as of today (US$ 644 073, € 591 259).

Its stock quote reached its highest recent level on March 05, 2010 at CA$ 2.60, and its lowest recent point on August 12, 2016 at CA$ 0.01.

War Eagle Mining has 21 990 276 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 War Eagle Mining Company Inc.
12/21/2012Closes Non-Brokered Private Placement
12/21/2012Closes Non-Brokered Private Placement
11/20/2012Announces Non-Brokered Private Placement of up to $500,000
7/31/2010Closes Third Tranche of Non-Brokered Private Placement
7/23/2010Closes 2nd Tranche of Private Placement
7/1/2010Closes First Tranche of Private Placement.
6/18/2010Announces $1,200,000 Non-Brokered Private Placement
11/1/2007 Private Placement Increased to $4.25 Million
Nominations of War Eagle Mining Company Inc.
11/8/2012Appoints New CEO and Directors
8/12/2010Appoints CFO
1/9/2009Appointment of Jeff W. Lantz as President and Chief Executiv...
Project news of War Eagle Mining Company Inc.
8/28/2013(Tres Marias)Enters Into Agreement to Sell its Tres Marias Project in Mex...
1/21/2013to Acquire Andromeda Resources
2/17/2010(Tres Marias)Tres Marias Assay Results
2/3/2009(Mac)New Discovery Hole at Tres Marias
7/3/2008(Tres Marias)Tres Marias Intercepts 10.58 Meters (68.8 ft) of 394 g/tonne...
4/30/2008(Mac)Core Drilling Confirms Surface Mineralization Continues to D...
5/31/2007(Tres Marias)Progress on Mine Development and Exploration Program Tres Ma...
2/26/2007News Release - Initial Underground Drilling Results
Corporate news of War Eagle Mining Company Inc.
8/19/2015War Eagle Clarifies Previous Disclosure
3/3/2015War Eagle Receives Cash From Sale of Tres Marias Project, Me...
11/6/2014War Eagle Grants Stock Options
8/25/2014War Eagle Provides Update on Tres Marias Mine Development
2/11/2013Acquires Andromeda Resources Inc.
12/24/2010Andromeda Letter of Intent Terminated
11/19/2010Andromeda and War Eagle Shareholder Meeting Update
3/4/2010Provides Corporate Update
8/18/2009Options MAC Property to VM Exploration Ltd.
12/16/2008Signs Letter of Intent with Saskpower International Inc. to ...
4/24/2008 Completes Successful First Phase Investigation Into The Rec...
3/5/2008On Fox Business News
11/21/2007 $4.2 million Placement Closed
11/9/2007Signs LOI to Option Out George's Lake Gold Project
11/6/2007SIGNS A LETTER OF INTENT WITH ELCOGAS SA
11/6/2007Germanium Defined for Investors.
10/16/2007 in the Northern Miner
9/20/2007Surface Drilling Expands Mine Potential
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (WAR.V)Other OTC (WARGF)
0.040-11.11%0.030+0.00%
TSX-V
CA$ 0.040
04/28 15:05 -0.010
-11.11%
Prev close Open
0.045 0.050
Low High
0.040 0.050
Year l/h YTD var.
0.035 -  0.060 -11.11%
52 week l/h 52 week var.
0.015 -  0.060 166.67%
Volume 1 month var.
70,000 -20.00%
24hGold TrendPower© : 2
Produces
Develops
Explores for Germanium - Gold - Lithium - Tantalum - Tin - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 4/21/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
DateVariationHighLow
2017-11.11%0.070.04
2016200.00%0.070.01
2015-57.14%0.040.01
2014-12.50%0.080.02
2013-50.00%0.150.03
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Canadian Zinc(Ag-Au-Cu)CZN.TO
Drilling Extends Mineralization at Lemarchant, NFLD
CA$ 0.18+0.00%Trend Power :
Target Resources(Au-Gems)TGT.L
KOOTENAY ANNOUNCES DRILL PROGRAM TO TARGET RESOURCE EXPANSION AT LA CIGARRA SILVER PROJECT=2C MEXICO
GBX 1.10-2.65%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
Reports Q1 2017 Production Results
US$ 3.04+3.40%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Mill Recovery Enhancement Project Approved
AU$ 2.22+3.74%Trend Power :
Levon(Au-Ag)LVN.V
to Complete Resource Infill Drilling to Test a Starter Pit Scenario
CA$ 0.94-3.09%Trend Power :
Victoria Gold Corp.(Au)VIT.V
Begins $6.2M, Phase 1 Exploration Program, Yukon
CA$ 0.73+2.82%Trend Power :
Bonavista Energy(Ngas-Oil)BNP-UN.TO
Announces Increase to Exchangeable Share Ratio
CA$ 28.85-0.93%Trend Power :
Eurasian Min.(Cu-Au-Ag)EMX.V
Announces Release of 2016 Annual Report and Management Discussion and Analysis
CA$ 1.11-5.13%Trend Power :
Columbus Gold(Au)CGT.V
Columbus Gold Announces Voting Results of its Annual Meeting
CA$ 0.34+0.00%Trend Power :
Pretium ResourcesPVG.TO
Brucejack Transmission Line Energized
CA$ 13.53+2.42%Trend Power :
Silver Wheaton(Cu-Le-Zn)SLW.TO
Silver Wheaton Provides Details of Annual and Special Meeting of Shareholders, Files Form 40-F, and
CA$ 27.24+0.48%Trend Power :
Barrick Gold(Cu-Le-Ni)ABX.TO
Reports Restrictions at Veladero Mine Heap Leach Facility
CA$ 26.41-1.49%Trend Power :
HudBay(Cu-Le-Ni)HBM.TO
Hudbay Provides Update on Operations and Growth Projects
CA$ 8.15+0.87%Trend Power :
Silver Standard(Ag-Au-Cu)SSO.TO
Receives Extension on the Chinchillas Project Option Agreement
CA$ 14.08+3.15%Trend Power :
Peregrine Diamonds(Gems)PGD.TO
Announces Results of Voting for Election of Directors
CA$ 0.19+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Portia Gold Sales Exceed 20000 oz
AU$ 0.61-4.69%Trend Power :
Oceana Gold(Au)OGC.AX
ANNOUNCES FIRST GOLD POUR AT THE HAILE GOLD MINE IN SOUTH CAROLINA
AU$ 4.24+4.69%Trend Power :
Uranium Res.(Ur)URRE
Announces Closing of $9.7 Million Public Offering
US$ 1.69-4.52%Trend Power :
Santos(Ngas-Oil)STO.AX
2016 Fourth Quarter Activities Report
AU$ 3.48+1.16%Trend Power :
Pioneer Resources(Au-Ni)PIO.AX
intersects further High Grade Caesium and Lithium mineralisation at Pioneer Dome LCT Pegmatite Proje
AU$ 0.02+0.00%Trend Power :