Coeur d'Alene Mines Corporation CDE today
announced that it has agreed to acquire 1,851,852 common shares of Huldra Silver Inc. at a purchase price
of C$1.08 per Share, for total consideration of C$2 million. The Shares will
be acquired pursuant to a subscription agreement as part of private
placement transaction of Huldra issuing in the aggregate 2,777,777 Shares.
Prior to the acquisition of the Shares, Coeur and its affiliates and joint
actors held 1,905,000 Shares and warrants to acquire an additional 1,905,000
Shares. After giving effect to the acquisition, Coeur will own and control
3,756,852 Shares, representing approximately 8.8% of the issued and
outstanding Shares based on information provided to Coeur by Huldra. On a
fully diluted basis, based on information provided to it, Coeur believes it
will own and control 12.7% of all Shares of Huldra. The acquisition of the
Shares is being made for investment purposes. Depending on the market and
other conditions, Coeur may, from time to time, increase or decrease its
ownership, control or direction over the Shares and/or other securities of
Huldra.
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