US GOLD (UXG) proposed merger with MINERA ANDES (MNEAF)

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#1 Tue, Jun 14, 2011 - 9:09pm
SoccerDad
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The Dalles, OR
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US GOLD (UXG) proposed merger with MINERA ANDES (MNEAF)

"As proposed by Mr. McEwen, Minera Andes shareholders would receive 0.4 of a US Gold common share for each 1.0 Minera Andes share currently held. This ratio is within an average trading range established during the past six months and presents a slight premium over the previous day's closing price on June 13th, 2011. The total number of shares outstanding in the combined company would be approximately 252.7 million."

Hoping someone will chime in on this situation. This is the first time I've been in the situation of owning both of these miners. In these types of mergers, is it usually bullish? or a wash understanding UXG gets diluted? Do you think MNEAF will be a drag on UXG? Request bullish and bearish comments on these two miners.

Edited by: SoccerDad on Nov 8, 2014 - 5:20am
Tue, Jun 14, 2011 - 9:14pm
SoccerDad
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The Dalles, OR
Joined: Jun 14, 2011
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Oops, didn't see this merger

Oops, didn't see this merger thread already posted on the Silver Miner forum. I'd delete it but, doesn't appear to be an option.

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