Western Wind Energy is for sale

Brookfield, a developer and operator of wind and hydroelectric projects in Canada, the U.S. and Brazil, bought 10.7 million shares in Western Wind for C2.25 ($2.28) each, according to a statement today. It also acquired 319,700 warrants, representing 0.5 percent of Western Western Wind’s shares, if exercised, for C$1 each. Brookfield Renewable Energy Partners LP acquired 16.2 percent of its common shares, becoming its second-largest shareholder.

“Brookfield has significant U.S. taxable income,” he said in an interview today. “They’re a good fit.”

Western Wind has risen 93 percent since it said July 30 that it was for sale. Its board said at the time it expected a sale price between the C$2.50 offered in a takeover bid last year and the more than C$5 value consultants gave to the company. Goodman & Co. Investment Counsel Ltd owns 17.5 percent of its shares, according to data compiled by Bloomberg.

http://www.businessweek.com/news/2012-08-29/brookfield-renewable-acquires-16-dot-2-percent-of-western-wind-shares

The Board maintains believes that the closing of several milestones, including financial completion and start of major construction of its 30 MW Yabucoa Project in Puerto Rico, will allow the company to be sold at a level between the October, 2011 Algonquin "bear hug" bid (apparently $150 million or $2.50 per share) and the published DAI valuation ($5.06 per share).

 

https://research.canaccordgenuity.com/_layouts/researchnoteviewer.aspx?pubid=81608

Western Wind Energy* (WND : TSX-V : $2.30), Net Change: 0.21, % Change: 10.05%, Volume: 892,072

Brookfield Renewable* (BEP.UN : TSX : $29.30), Net Change: -0.58, % Change: -1.94%, Volume: 143,465

You are reminded that you are responsible for your own due diligence. We share in neither your profit nor your losses.

Avion Gold Corp may be acquired by Endeavour Mining Corp

Avion Gold Corporation Announces Acquisition by Endeavour Mining Corporation and a US$20,000,000 Exchangeable Debt Financing

 

TORONTO, ONTARIO--(Marketwire - Aug. 7, 2012) - Avion Gold Corporation ("Avion") (TSX:AVR)(OTCQX:AVGCF) is pleased to announce today that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with Endeavour Mining Corporation ("Endeavour"), pursuant to which Endeavour has agreed to acquire all of the issued and outstanding common shares ("Avion Shares") of Avion by way of a statutory plan of arrangement under the Business Corporations Act (Ontario) (the "Arrangement").

 

The management agrees to the proposal for the take over of Avion Gold Corp. With the current share price, the deal seems to be decent and attractive, however, there are analysts that suggest that Avion Gold Corp should be valued at a lot higher price and may be better off on its own. With its current price showing that it has room to move up to reach the bidding value, traders shgould be able to make a quick trade for a small and safe return as long as gold prices move to the upside.

http://www.aviongoldcorp.com/News/News-Details/2012/Avion-Gold-Corporation-Announces-Acquisition-by-Endeavour-Mining-Corporation-and-a-US20000000-Exchangeable-Debt-Financing1130/default.aspx

 

You are reminded that you are responsible for your own due diligence. We share in neither your profit nor your losses.

BCGold Corp. Successful​ly Dewaters 7 Level of Engineer Mine

BCGold Corp. geologists collected 190 panel samples along the length of the Engineer Vein on 6 and 7 Level. Samples were submitted to Inspectorate Exploration and Mining Services of Richmond, British Columbia where they will be analyzed for gold and other elements using a combination of metallic screen assaying and multi element inductively coupled plasma (ICP) analysis.

The Company dewatered 6 and 7 Level to access the down-plunge extension of the 505-3 and 505-5 gold shoots discovered on 5 Level during the Company's 2011 bulk sampling of the Engineer Vein. The two gold shoots are a compelling exploration and bulk sampling target estimated to contain 6,000 to 8,600 tonnes between 5 and 7 Level, grading 30 to 60 g/t Au, for up to 17,000 ounces of contained gold (see February 29, 2012 news release). The 505-3 gold shoot is completely outside of the Inferred Mineral Resource previously defined by Snowden Mining Industry Consultants Limited.

http://www.bcgoldcorp.com/index.php?id=127&y=2012&news=161#pagetop


You are reminded that you are responsible for your own due diligence. We share in neither your profit nor your losses.