Agoracom: Small Cap Investment - Probe Mines - Correction: Takeover is .1755 G share ($5 value) & 1/3 new PRB share ($.18 val)

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Takeover is $5 cash + .18 $ initial valuation for new Probe shares

AUH2O

Jan 19, 2015 07:19AM

AUH2O

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Correction: Takeover is .1755 G share ($5 value) & 1/3 new PRB share ($.18 val)

in response to

Takeover is $5 cash + .18 $ initial valuation for new Probe shares

AUH2O

posted on Jan 19, 2015 07:34AM

--  Probe shareholders to receive 0.1755 of a Goldcorp share and one-third
    (1/3) of a New Probe share for each share of Probe
--  New Probe to contain:
    --  Black Creek Deposit
    --  Tamarack-McFauld's Lake Property
    --  Victory Property
    --  C$15 million in cash
    --  C$4 million receivable related to the previous sale of a royalty on
        the Goldex mine; payment is expected in Q2-2015

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