I share with you my one and only favorite Christmas Carol, sit back, turn up the volume and get get carried away for the next 6 minutes.
May your Christmas be surrounded by the ones you love.
First Majestic Silver Corp. and Orko Silver Corp. have entered into a definitive agreement pursuant to which First Majestic has agreed to acquire all of the issued and outstanding common shares of Orko for consideration of 0.1202 of a common share of First Majestic plus 0.01 cent in cash per Orko common share. The offer implies a value of $2.72 per Orko share based on the closing prices of both First Majestic and Orko's common shares on the Toronto Stock Exchange and TSX Venture Exchange, respectively, on Dec. 14, 2012. The offer represents a premium of approximately 69 per cent to Orko's 30-day volume-weighted average price for the period ending Dec. 14, 2012. The transaction will be implemented by way of a plan of arrangement under the Business Corporations Act (British Columbia).Gary Cope's vision of being carried all the way to production have come true.
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement for Aroway Energy Inc. announced Nov. 19, 2012:
Number of shares: 6,043,981 flow-through shares; 1,352,000 non-flow-through shares
Purchase price: 55 cents per flow-through share; 50 cents per non-flow-through share
Warrants: 3,021,991 flow-through share purchase warrants to purchase 3,021,991 non-flow-through shares at 65 cents per share for a one-year period; 1,352,000 non-flow-through share purchase warrants to purchase 1,352,000 non-flow-through shares at 60 cents per share for a one-year period
Insider: Chris Cooper 400,000 non-flow-through
Pro groups: Alan Young 35,000 flow-through; James Roger 96,000 flow-through; Chester C. Kmiec 55,000 flow-through; Scott MacDonald 20,000 flow-through.
Aroway Energy Inc. has commenced drilling on its 100-per-cent-owned-and-operated Kirkpatrick Lake property in central Alberta. Aroway will be drilling two Ellerslie oil prospects which have been selected from 3-D seismic data interpretation, and are in a very prospective oil fairway with an offsetting pool having produced in excess of 1.39 million barrels of light 38-degree API oil. Both wells will be drilled to an approximate depth of 1,130 metres and will be tied into existing nearby infrastructure immediately upon completion and a short-term production test. Aroway believes there may be three additional wells to be drilled upon the success of the initial test wells.The chart indicates that there is support and a double bottom here at $0.44/share and resistance will be felt at the $0.60/share range. Added resistance at the $0.60 range will be forth coming in 4 months when the hold period expires in regards to the recent Private Placement mentioned above.
And this from Driven Capital:
Stoneshield Capital Corp. directors Toma Sojonky and Hans Rasmussen have resigned from the company's board of directors to pursue other business interests.
The company would like to thank Mr. Sojonky and Mr. Rasmussen for their years of service to the Stoneshield.
The company's board currently consists of Kris Kottmeier, Allen Ambrose and George Cole.
Krister A. Kottmeier has resigned from Driven Capital Corp.'s board of directors. The board of directors expresses its gratitude to Mr. Kottmeier for his contributions to the company during his tenure.
Mackie Research Capital has initiated coverage on Taipan Resources (TPN.V).· 4th largest acreage holder in Kenya outside of Tullow and Africa Oil· Currently undergoing a farm out of Block 2B (expected to be completed by end of 2012)· 20% Working interest in Block 1 (Afren 80%)· Management discovered over 180 billion barrels· AOI recently raised over $230,000,000From Mackie Report“Taipan provides investors with exposure to high-impact conventional oil plays located onshore within Kenya ’s hot rift basin play. Based upon a regional transaction cost of $1.00 per prospective barrel, we value Taipan’s prospective resources at $1.02/fd share”“We believe the potential exists for significant share price appreciation once Taipan secures a farm-out partner and we see significant additional upside if a carried exploration campaign results in a new pool discovery”