Proactiveinvestors recommends
Additional Information
Market: OTCBB
Sector: General Mining - Gold
EPIC: BULM
Latest Price: $1.03  (5.10% Ascending)
52-week High: $0.00
52-week Low: $0.00
Market Cap: $40.40M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Bullion Monarch Mining
www.bullionmm.com

Bullion Monarch Mining Inc. is a natural resource company that acquires mining properties to explore and develop.  Bullion’s goal is to see the properties produce through joint ventures, leases, or sales.  Bullion Monarch has recently undergone a reorganization and is now known as Bullion Monarch Mining, Inc.  The company’s new trading symbol is BULM. Bullion believes it has excellent mining properties in Northern Nevada and throughout the Western United States.  Newmont’s new, large Leeville underground mine and he East Ore Body Mine are currently producing royalty payments to Bullion. The company also acquired a 60% interest in EnShale, Inc. in 2005 (now 80%) in order to profit from the growing demand for oil by mining and processing oil shale into oil products. The Company currently has under lease 4,650 acres of oil shale property in the mahogany zone.

Full Bullion Monarch Mining profile here
Is BULM a Buy, Sell or Hold?Get your FREE analysis of BULM
Pdf

Bullion Monarch to acquire Brazilian exploration company Dourave

8th Mar 2011, 8:45 pm

Bullion Monarch Mining (OTC:BULM) said late yesterday that it agreed to acquire Brazilian mining and exploration company Dourave in an all-share deal.

Through the purchase, Bullion will be acquiring six gold and other mineral properties in Brazil, including Bom Jesus, Bom Jardim, Oro Mil, Pontal do Paraita, Caldeira and Niquelandia.

"The synergy of adding Dourave, their portfolio of valuable properties and a management team seasoned with years of professional experience in the Brazilian mining industry will enhance our value," said Bullion CEO R. Don Morris.

"Bullion now has a South American team that will help increase and diversify our pipeline of promising mining prospects."

Under the agreement, which is still subject to due diligence, Bullion will pay 5 million of its shares for 100% of Dourave's shares. An additional 2.78 million warrants will be granted to Dourave, at an exercise price between US$1.20 and US$4.78.

Bullion said that Sergio Aquino and Rauri McKnight will continue to function as president and vice president of Dourave, respectively. The company will operate as a subsidiary of Bullion.

Dourave's projects are located in the Tapajos Gold Province in Para State and Mato Grosso State.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.