Golden Minerals Company (TSX: AUM) (Pink Sheets: GDMN) has entered an agreement for the sale, on a private placement basis, of 745,318 shares of common stock to The Sentient Group for Cdn$7.06 per share. Upon closing of the placement, Sentient will become the largest stockholder of the company, holding 19.9% of unrestricted common stock. The company plans to use its proceeds for the advancement of the El Quevar project.
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Golden Minerals Company (Golden Minerals), formerly Apex Silver Mines Limited (Apex Silver), is a mining company with a focus on exploration, development and provision of mine services.
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