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12/02/10
10:21
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Just wondering what stake PacMag has in Nevada Copper if thats what I am reading?
None. As far as I'm aware, Nevada Copper is mentioned a lot as they have a comparable resource to Pacmag.
A scrip/cash offer for Pacmag has been made by the TSX listed company Entree Gold (TSX:ETG).
The current deal offers PMH holders approximately:
- CAD$0.0415 per PMH share
- AND .1018 Entree shares per PMH share
The most recent quarterly is probably a good place to look for the details of the proposed deal.
Pacmag is currently trading at a sizeable discount to this deal.
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