Re: Stewart Thomson view of the merger, he says Eric Sprott loves the deal

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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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gwr1

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Re: Stewart Thomson view of the merger, he says Eric Sprott loves the deal

in response to

Stewart Thomson view of the merger, he says Eric Sprott loves the deal

gwr1

posted on Jun 26, 2011 10:41AM

ECU Silver Merger:

Eric Sprott apparently "loves" the deal. Goldlion is positive on the deal and isn't dumping any of his stock.

"Golden Minerals (AMEX:AUMN) (TSE:AUM) and ECU Silver Mining (TSE:ECU) announced Friday their plans to merge into one business, creating a new junior silver mining company with a market cap of $600 million, primarily focused on Argentina and Mexico.

The new entity will retain the Golden Minerals name and will continue to be headquartered in Golden, Colorado.

The transaction, which has been unanimously approved by the boards of both companies, will see each share of ECU Silver be exchanged for 0.05 Golden Minerals shares and $0.000394 in cash, representing a total cash payout of $125,000." - Proactive Investors.com, June 24, 2011.