ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

NMB Normabec Mining Resources Com Npv

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
Normabec Mining Resources Com Npv TSXV:NMB TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Normabec Shareholders Approve Plan of Arrangement With First Majestic

06/11/2009 10:09pm

Marketwired


Normabec Mining Resources Com Npv (TSXV:NMB)
Historical Stock Chart


From Sep 2019 to Sep 2024

Click Here for more Normabec Mining Resources Com Npv Charts.

Normabec Mining Resources Ltd. ("Normabec") (TSX VENTURE: NMB) is pleased to announce that its shareholders have overwhelmingly voted in favour of the proposed arrangement involving First Majestic Silver Corp ("First Majestic") (TSX: FR), Normabec and Brionor Resources Inc. ("Brionor"), a wholly-owned subsidiary of Normabec. Following the unanimous recommendation by the Normabec Board of Directors, the transaction was approved by over 99% of the votes cast at the special shareholders meeting held today in Montreal. The Final Court Order approving the Arrangement will be sought on November 9, 2009. The effective date of the arrangement is expected to be November 13, 2009.

"We are excited that the shareholders of Normabec have approved the transaction with First Majestic" said Robert Ayotte, President of Normabec. Brionor will hold Normabec's interest in the Pitt Gold Property, and all other Quebec mineral interests currently held by Normabec, and will continue to be managed by the existing Normabec management. First Majestic will also invest, via a private placement, $300,000 in Brionor, representing 9.9% of the outstanding capital of Brionor after closing.

This transaction is expected to substantially benefit Normabec shareholders by not only allowing them to participate in the future upside of First Majestic, a producing silver company focused in Mexico, but also allowing them to retain the growth potential of the Pitt Gold Project located in Quebec.

Neither the TSX Venture Exchange (TSX Venture) 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.

Contacts: Normabec Mining Resources Ltd. Robert Ayotte President & CEO 450-441-9177 info@normabec.com http://www.normabec.com First Majestic Silver Corp. Keith Neumeyer President & CEO 604-688-3033 info@firstmajestic.com http://www.firstmajestic.com

1 Year Normabec Mining Resources Com Npv Chart

1 Year Normabec Mining Resources Com Npv Chart

1 Month Normabec Mining Resources Com Npv Chart

1 Month Normabec Mining Resources Com Npv Chart

Your Recent History

Delayed Upgrade Clock