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Eurasian's initial proposal on August 4, 2010 indicates that Bullion Monarch shareholders would receive 0.44 shares of Eurasian Minerals for each share of BULM.OB stock. Comparable share valuations of both companies at the time of the non-binding offer placed the offer at $.80 per share. The offer was reiterated verbally on September 14, 2010 which, due to relative share price fluctuations, equated to a $1.11 price per share offered to holders of Bullion Monarch. http://tinyurl.com/2vvslgx
BULLION MONARCH MINING INC. CONTINUES TO EARN RECORD REVENUES
Orem, Utah – March 16, 2010
Bullion Monarch Mining Inc. (otcbb:bulm), a precious metals royalty and resource development company based in the United States, is pleased to again announce record quarterly revenue of $1,501,769 for the company's third quarter ended January 31, 2010. This substantial boost in revenue is the result of increased production both in grade and volume by Newmont Mining in the prolific Northeast Nevada Carlin Trend. This represents a year over year quarterly revenue increase of approximately 49% and quarterly earnings of about USD $0.01 per share.
Newmont Mining's declaration of increased exploration and development in areas where Bullion Monarch Mining holds royalty interests, confirms the company's internal position of growing royalty revenues from the area over the long term. Newmont Mining has recently announced an expanded mine life of the Leeville mine of at least 10 more years. In addition, Newmont continues to invest in expanding exploration efforts around the Turf and Leeville deposits. Two other promising projects that are located within Bullion Monarch Mining's core royalty area, the Four Corners deposit and the North Lantern deposit, are also being developed by Newmont and could add to the company's revenue stream.
President and CEO R. Don Morris states, “Bullion Monarch remains profitable, debt free and continues to invest in mining projects from cash flow in order to avoid dilution of shareholder equity. We have never been more confident about the long-term stability or future growth potential of this company.”
Bullion Monarch Mining, Inc. is a publicly traded (OTCBB:BULM) natural resource company with mining interests in gold, silver and oil shale. Visit website www.bullionmm.com for additional company information including all financial filings.
Are there any photos of the visible vein in the road cut? I like photos of exposed deposits.
Fantastic info link, thanks. One question: the point of this type of order is to conceal the sell size right? so how were we discussing it as it happened? Shouldn't it show up as the smaller lot to buyers?
Shouldn't everyone run prior to a massive share dilution or is it too late?