On Friday, Shares of Goldcorp Inc. (USA) (NYSE:GG), lost -0.87% to $19.40.
PREMIER GOLD MINES LIMITED, is pleased to announce that Barrick Gold Corporation has not exercised its right of first refusal with respect to the previously announced agreement between Premier and Goldcorp regarding Premier’s acquisition of Goldcorp Inc.’s, 40% interest in the South Arturo Mine Project.
The South Arturo Mine Project is located 8 kilometers northwest and along strike from Barrick’s Goldstrike Operations, within the Carlin Trend in Nevada. Pursuant to the terms of the transaction, Premier will pay Goldcorp US$20 Million at closing, plus costs incurred by Goldcorp since the signing of the original agreement in March 2015 , and transfer to Goldcorp 5% of its interest in the Rahill-Bonanza Joint Venture in Red Lake. Concurrent with the acquisition, Goldcorp has agreed to complete a private placement with Premier in the amount of Cdn$12.5 Million , subject to Toronto Stock Exchange approval. The transaction is expected to close in approximately 30 days.
Goldcorp Inc. engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. The company primarily explores for gold, silver, copper, lead, and zinc deposits.
Shares of Silver Wheaton Corp. (USA) (NYSE:SLW), declined -0.24% to $20.47, during its last trading session.
Silver Wheaton Corp., declared that its Board of Directors has declared its second quarterly cash dividend payment for 2015 of US$0.05 per common share.
Second Quarterly Dividend
The second quarterly cash dividend of US$0.05 will be paid to holders of record of Silver Wheaton common shares as of the close of business on May 20, 2015, and will be distributed on or about June 2, 2015.
Silver Wheaton Corp. operates as a precious metals streaming company worldwide. The company has 18 long-term purchase agreements and 1 early deposit long-term purchase agreement associated with silver and gold relating to 27 various mining assets.
At the end of Friday’s trade, Shares of Seventy Seven Energy Inc. (NYSE:SSE), lost -6.43% to $5.53.
Seventy Seven Energy announced that its wholly owned subsidiary, Seventy Seven Operating LLC (“SSO”), has closed an incremental $100 million junior lien financing under its term loan facility with BlueMeridian Capital LLC, an affiliate of investment funds managed by BlueMountain Capital Management. SSO intends to use the net proceeds from the incremental term loan for general corporate purposes and to pay costs and expenses incurred in connection with the transaction.
“This transaction not only strengthens our liquidity, but also provides us a greater ability to take advantage of opportunities that may arise to enhance shareholder value,” Chief Executive Officer Jerry Winchester said. “We remain very well positioned to weather the storm the industry is currently experiencing.”
Seventy Seven Energy Inc. provides oilfield services in the United States. The company operates in four segments: Drilling, Hydraulic Fracturing, Oilfield Rentals, and Oilfield Trucking. The Drilling segment offers land drilling and drilling-related services, including directional drilling for the oil and natural gas exploration and development activities.
Finally, Forest City Enterprises, Inc.(NYSE:FCE.A), ended its last trade with -1.43% loss, and closed at $23.37.
Forest City Enterprises, Inc, announced that it has closed its previously announced public offering of 37,375,000 shares of Class A common stock at $22.50 per share, reflecting the full exercise by the underwriters of their option to purchase an additional 4,875,000 shares.
The joint book-running managers for this offering are BofA Merrill Lynch, Goldman, Sachs & Co., Citigroup, Barclays and Morgan Stanley.
Forest City Enterprises, Inc. acquires, owns, develops, and manages commercial and residential real estate and land in the United States. The company’s Commercial group acquires, owns, develops, and operates regional malls, specialty/urban retail centers, office and life science buildings, and mixed-use projects, as well as operates Barclays Center, a sports and entertainment arena located in Brooklyn, New York.
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