Dallas, Texas (December 15, 2011) – StockGuru Shines its Spotlight on Samex Mining Corp. (TSX-V: SXG)(OTCBB: SMXMF) Yesterday Samex Mining Corporation noted in a press release that as previously announced on April 28, 2011, Sasco Partners, LP, of Suite 1107 – 2001 Kirby Drive, Suite 1107, Houston, Texas 77019 (“Sasco”) acquired 2,464,800 common shares (the “Common Shares”) of Samex Mining Corp. (the “Issuer”) at an average price of $1.37 per Common Share. The Company closed on December 14, 2011, at $0.4455, trading in a fifty-two week range of $1.61 – 0.5896.
Subsequently, on April 29, 2011, May 2, 2011, May 3, 2011, May 4, 2011 and May 5, 2011, an additional 205,500 Common Shares, 494,500 Common Shares, 362,400 Common Shares, 26,900 Common Shares and 311,800 Common Shares, respectively, were acquired through the facilities of the TSX Venture Exchange, at an average price of CDN$1.38 per Common Share, CDN$1.35 per Common Share, CDN$1.35 per Common Share, CDN$1.29 per Common Share and CDN$1.33 per Common Share, respectively. An amended early warning report in respect of the above noted transactions will be filed on SEDAR.
As a result of the acquisition of the additional 1,401,100 Common Shares, the number of Common Shares owned or controlled by Sasco, together with those already held by its general manager, Sasan Sadeghpour, is now 29,484,368 Common Shares (17,596,700 held by Sasco and 11,887,668 held by Sasan Sadeghpour). These Common Shares represent 23.26% of the Issuer’s issued and outstanding Common Shares.
In the previous early warning report, Sasco reported that he and joint actors had acquired Common Shares for investment purposes only. The early warning report will now be updated and amended to reflect certain changes to the investment intentions, objectives and strategy of Sasco and its joint actors.
For further information or a copy of the related early warning report filed with the regulatory authorities, please contact Sasan Sadeghpour at (713) 956-5200 or visit www.sedar.com.
Manager of Sasco Investments, LP,
General Manager of Sasco Partners, LP
To get free alerts on this and other similar stocks, please register here:
What is the StockGuru Spotlight?
Many companies covered in The StockGuru Spotlight have positive increases in both volume and share price. While this is not true in all cases, StockGuru strives to cover companies in The StockGuru Spotlight that are worth of our readers’ attention.
StockGuru looks for potential break-out candidates in The StockGuru Spotlight. Many of these companies have had recent news and appear to be getting the attention of investors. StockGuru does not typically feature companies in The StockGuru Spotlight that are compensating StockGuru for this coverage. There are times when StockGuru covers a stock in The StockGuru Spotlight that had previously compensated Stockguru. Where that is the case, a proper disclosure is included below. StockGuru and its partners, employees and writers never hold shares, short positions, warrants or any other current position in a stock featured in The StockGuru Spotlight.
To feature a company in The StockGuru Spotlight please contact the Publisher at firstname.lastname@example.org. If our reader is a key person for a publicly traded company, StockGuru can consider that company for either a StockGuru Spotlight or a StockGuru Profile. Please contact the StockGuru Publisher John Pentony at this email address: email@example.com.
Stockguru.com (“SG”) provides its members with the latest news, press releases, and trade alerts for all the companies highlighted on the site StockGuru.com. SG utilizes information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by SG to be accurate, and should not be considered to be all-inclusive. The owner, publisher, editor and their associates are not responsible for errors and omissions. SG encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and SG makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. SG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.Stockguru.com or mentioned herein.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected”, “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and SG undertakes no obligation to update such statements. StockGuru is occasionally compensated for coverage. When this is the case, SG clearly indicates this with a disclosure of all compensation received in the past and present. Additionally SG also discloses any anticipated compensation in the future. Compensation is typically in cash. Sometimes a company pays SG in restricted shares. Pentony Enterprise and its associated companies does not take free trading shares for any reason at anytime. StockGuru is not a registered investment adviser or a broker-dealer. StockGuru makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
John Pentony, Publisher, Stockguru.com
Tel: +1 469 252 3031