Market Movers: First Majestic Silver to Acquire Primero Mining

First Majestic Acquires Primero Mining

First Majestic Silver Corp. (TSX:FR) has entered a definitive agreement to acquire Primero Mining Corp. (TSX:P) in an all-stock transaction valuing Primero at $0.30 a share. Shares of Primero went up by 125% to $0.27 at market close on Friday following this news.

92 Resources Corp. (TSX-V:NTY) has received sampling results of up to 2.57% lithium oxide from its recently completed 2017 field program at the Hidden Lake lithium project in the Northwest Territories.

Spearmint Resources Inc. (TSX-V:SRJ) has closed its acquisition of the WHY West magnesium project near Rossland, B.C., and the Buddy claims in the Golden Triangle of British Columbia.

Global Cannabis Applications Corp. (CSE:APP) has joined the Medical Cannabis Counsel of Australia as a premiere member. The counsel is an industry body which develops best practices and standards for producing, supplying and distributing medical cannabis products in Australia.

Royal Sapphire Corp. (TSX-V:RSL) will not be proceeding with its acquisition of the Beardmore gold property in Ontario and the Tessa gold property in Yukon. The company has also reduced its private placement to $500,000 from $1.5 million.

Featured Image: twitter


Disclosure:

1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on my research and understanding of the sector.

2) Market Jar Media Inc. has or expects to receive the following amounts indirectly from the following companies mentioned in this Article: 92 Resources Corp.  Click here for important disclosures about fees.

3) The Article and content related to the profiled company represent the personal and subjective views of the Author of this article, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, Market Jar Media Inc. or any of their respective affiliates, guarantee the accuracy or completeness of any such information.  The author was paid by Native Ads Inc. for this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

4) The Article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'ss terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on Market Jar Media Inc. should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on Market Jar Media Inc.

5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article.