Guerrero Exploration Completes Acquisition of Pinette Copper

By Midnight Trader,  January 02, 2013, 11:52:14 AM EDT

Guerrero Exploration Inc. (GEX.V) has completed the previously announced acquisition of all of the issued and outstanding shares of Pinette Copper Corp, a private Vancouver-based mineral exploration company with 2 exploration properties located in Botswana. Guerrero will issue approximately 33,809,885 to the shareholders of Pinette.

The Corporation also issued 4.1 million common shares at a deemed price of $0.05 per share to insiders to settle any obligations it may have under two existing consulting agreements.

GEX went up by nearly 8% to 7 cents but is trading just 4 cents above year lows.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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