Day: April 28, 2015

Starcore International Mines Ltd. is pleased to announce the signing of a letter of intent with Cortez Gold Corp. that would see Starcore acquire all of the outstanding securities of CUT in an all-share transaction to be completed pursuant to a court approved Plan of Arrangement under the Business Corporations Act (British Columbia). Under the terms of the planned acquisition, each CUT shareholder would receive three Starcore common shares for every one CUT common share held.

Keith Neumeyer, chairman of First Mining, stated “we are very excited to be making this proposal. Since completion of our qualifying transaction our management team has been investigating a number of potential opportunities and we feel that COD’s Hope Brook Gold Project represents a target that fits well into our strategy…