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Posts tagged ‘Bullion Monarch Mining Inc (BULM)’

Eurasian to take over Bullion Monarch for $45.8M Cash and Shares

February 8th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningEurasian Minerals Inc TSXV:EMX and Bullion Monarch Mining Inc BULM announced that Bullion will merge with a wholly-owned subsidiary of Eurasian. Eurasian will purchase Bullion for approximately US$45 million, which represents a 64% acquisition premium. Eurasian will acquire all outstanding common shares of Bullion, for which Bullion shareholders will receive $0.45 of a Eurasian share and $0.11 in cash per share.

The transaction is expected to close in 2Q 2012 and Bullion shares will cease trading thereafter.

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Eurasian Minerals Inc
Scott Close
Director, Investor Relations

or Bullion Monarch Mining Inc
Joseph Morris
Director, Investor Relations

by Ted Niles