www.scminerals.com
Sacre-Coeur Minerals Ltd. (TSX-V: SCM) is a Canadian Junior Mining company engaged in the acquisition, exploration and production of gold and other metals in South America. The company is currently focused on its gold properties in Guyana, a miner-friendly country with a stable government where the Company holds 100% interest in approximately 978 square kilometers of mineral concessions.
Sacre-Coeur's stock up 31% as it receives potential takeover bid
South-American focused gold explorer Sacre-Coeur Minerals has soared by more than 31% today on the Toronto Venture Exchange, as the company said it received a non-binding takeover offer from a large international mining entity.
The proposed terms are currently in negotiation, but the deal would involve the purchase of all of the company's outstanding shares at a premium to the current market price of $1.17 as of 2:00pm ET on Wednesday.
The transaction, which would be structured as a plan of arrangement, would be subject to customary conditions, including a due diligence review.
Sacre-Coeur's board of directors has authorized the negotiation and preparation of formal documentation in respect to the proposed deal, the company said.
Further details will be released as soon as they are available.
Sacre Coeur is engaged in the acquisition, exploration and development of properties for the potential mining of gold, metals and diamonds in South America, initially focusing on exploration for gold on its properties in Guyana.
The company presently has an interest in approximately 1000 sq. km of mineral properties in Guyana, including the Million Mountain Property.
It has offices in Vancouver, Canada and Georgetown, Guyana.
