Mines Management, IncNYSEMKT
Tue, May 24, 8:55 AM
- Mines Management (NYSEMKT:MGN) +34.1% premarket after Hecla Mining (NYSE:HL) agrees to acquire the exploration-stage mining company through a share exchange.
- In the proposed merger, each outstanding MGN share will be exchanged for 0.2218 of an HL common share.
- Following the closing of the merger, HL says it plans to advance the evaluation program of MGN's Montanore project, which is considered one of the largest undeveloped silver and copper deposits in North America.