Eurasian Minerals Inc. (TSX Venture: EMX; NYSE MKT: EMXX) announce that on August 20, 2012, the TSX Venture Exchange granted its final approval with respect to the Company’s previously announced merger (the “Merger”) with Bullion Monarch Mining, Inc. (“Bullion” or “BULM”). As a result of the Merger, BULM has become a wholly-owned subsidiary of EMX. The Merger was effective on Friday, August 17, 2012.
Under the terms of the merger agreement, BULM shareholders receive 0.45 of an EMX common share and US$0.11 in cash for each share of BULM common stock held. The value of the total Merger consideration paid to BULM shareholders is approximately US$36.9 million.
About Eurasian Minerals Inc.
EMX is a global gold and copper exploration company utilizing a partnership business model to explore the world’s most promising and underexplored mineral belts. EMX currently has projects in 11 countries on five continents, and generates wealth via grassroots prospect generation, strategic acquisition and royalty growth. Visit EMX’s website at www.EurasianMinerals.com for more information.
|For further information contact:
|President and Chief Executive Officer||Corporate Secretary
|Phone: (303) 979-6666||Phone: (604) 688-6390
|Email: Dave@EurasianMinerals.com||Email: Valerie@EurasianMinerals.com
The NYSE MKT, TSX Venture Exchange and the Investment Industry Regulatory Organization of Canada do not accept responsibility for the adequacy or accuracy of this release.
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We acknowledge the [financial] support of the Government of Canada.