Smart Investment - mexicomike.ca

[aulover58]

an equivalent canadian price for kings? I want to see if there is a chance for arbitrage opportunity. Is king min even trading on the canadian exchange?

[Desafinado]

San Anton Announces Company Update on Proposed Business Combination With Kings Minerals

TORONTO, ONTARIO, Aug. 18, 2010 (Marketwire) -- San Anton Resource Corporation (TSX:SNN) is pleased to provide an update on its proposed business combination with Kings Minerals NL pursuant to which Kings Minerals would acquire all of the San Anton common shares it does not own in consideration for Kings Minerals ordinary shares on the basis of two and one-half (2.5) Kings Minerals shares for each San Anton share. No fractional Kings shares will be delivered to any San Anton shareholder and any fractional shares will be rounded down to the nearest whole number.

As previously announced, a special meeting of the Company's shareholders to seek approval for the business combination will be held on August 30, 2010. The business combination is subject to approval by the shareholders of San Anton and Kings Minerals, including approval by a majority of San Anton's minority shareholders. Details of the proposed business combination are set out in the information circular of the Company prepared in connection with the shareholders meeting which was mailed with related materials to the Company's shareholders on August 6, 2010. The information circular and related materials have also been filed on SEDAR and are available under the Company's profile at www.sedar.com.

The Company would like to invite its shareholders to contact John Cook, President and CEO, with any questions related to the proposed business combination. Mr. Cook can be reached at 416-987-0856 or 416-200-8073.

The TSX has not approved or disapproved the contents of this press release, nor has it in any way passed on the merits of the proposed business combination.

About San Anton Resource Corporation

San Anton Resource Corporation is an exploration and development company that is listed on the TSX and is totally focused on the mining friendly jurisdiction of Mexico. The Company's principal asset is a 64% interest in the San Anton Property (Goldcorp 36%), which hosts the near-surface Cerro del Gallo gold-silver-copper deposit. The Property is located in a historic gold-silver mining district and has only recently been subjected to modern exploration techniques. This work quickly identified several targets and has led to the delineation of a NI 43-101 Measured & Indicated Mineral Resource of 461 million tonnes grading 0.27g/t gold (3.9Moz), 11g/t silver (163Moz) and 0.11% copper (1.09Blb) and an Inferred Mineral Resource of 166 million tonnes grading 0.11g/t gold (0.6Moz), 7 g/t silver (39Moz) and 0.10% copper (0.36Blb). Within the overall deposit, there is a 'gold domain zone' containing Measured & Indicated Mineral Resource of 209 million tonnes grading 0.48g/t gold (3.2Moz) and 11g/t silver (71Moz) and within this zone, there is a relatively higher grade gold resource defined at surface. The deposit remains open in several directions. On March 2, 2010, San Anton announced a highly encouraging US$259 million net free cash flow, US$415/oz production cost "base case" scoping study finding for the Cerro del Gallo project. On July 30, 2010, San Anton announced the completion of a rights offering under which it issued 22,080,351 common shares at a price of $0.15 per share for gross proceeds to the Company of $3,312,052.

This News Release includes certain "forward-looking statements". All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of San Anton are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the expectations of San Anton are detailed from time to time in the filings made by San Anton with securities regulators.

The Toronto Stock Exchange has neither approved nor disapproved the contents of this press release.

John Cook Christian Del Valle San Anton Resource Corporation San Anton Resource Corporation President & CEO Manager, Corporate Development (416) 987-0856 (416) 987-0856 johncook@kos.net cdelvalle@sanantonresourcecorp.com

[Desafinado]

Progress On Feasibility Study Activities At Cerro Del Gallo

Aug. 4, 2010 (Market News Publishing) --
SAN ANTON RESOURCE CORP ("SNN-T")
- Progress On Feasibility Study Activities At Cerro Del Gallo

San Anton Resource Corporation is pleased to announce the following update on Feasibility Study activities and plans for the Cerro del Gallo gold/silver project in Guanajuato, Mexico.

On March 2, 2010, the Company announced the results of the Cerro del Gallo scoping study, with the conclusion that the project should proceed to a Feasibility Study. The highlights of the Cerro del Gallo scoping study were as follows:

- US$259m net free cash flow before tax (unadjusted for inflation) - post
capital expenditure payback

- 69.9Mt in-pit resource at 0.66g/t gold (Au) and 13.6g/t silver (Ag)

- 0.74:1 average strip ratio over 14 year mining life

- Life of Mine recovery of 1Moz Au and 11.3Moz Ag

On April 16, 2010, the Company filed a technical report in respect of the scoping study prepared by Tim Carew, P.Geo. of Reserva International and Bill Fleshman, Geologist, FAusIMM CP and John Skeet, Metallurgist, MAusIMM, both of Kings Minerals, the principal shareholder of the Company, which is available under the Company's profile on SEDAR at www.sedar.com.

Following the positive scoping study, outcome work for the completion of a Feasibility Study has commenced. Several lead consultants for the Feasibility Study have been engaged and drill core samples selected and shipped to a laboratory for definitive metallurgical testing.

The following lead consultants have been retained:

- Mine Development Associates and The Mines Group, both from Reno, Nevada,
USA, have been engaged to complete the mine planning, mine design, heap
leach design, water balance, dam design work among other items.

- SGS Lakefield Oretest (SGS) in Perth, Australia have been engaged to
perform the metallurgical test work.

- Heuristica Ambiental from Hermosillo, Mexico has been retained for, and
are progressing with, the environmental permitting work.

The Feasibility Study for the Cerro del Gallo Project will initially focus on optimizing development of the resource with regard to mine life and process methods, and to maximize the use of low cost heap leaching for gold and silver production.

Importantly, metallurgical recoveries for the gold and silver by heap leaching are being confirmed by the metallurgical test work by SGS. Confidence levels in the metallurgical performance of the fresh rock material to be processed by milling and carbon-in-leach is high due to the level of previous test work performed.

John Cook, President and CEO of San Anton stated, "In addition to the work on the Company's rights offering and the business combination with Kings Minerals to strengthen the corporate structure and financial situation of the Company, the activities currently underway to support the Feasibility Study for Cerro del Gallo have progressed well. Kings Minerals' technical operations team, led by John Skeet - well experienced in this type of development project in Mexico -, is overseeing these Feasibility Study activities."

John Skeet, Chief Operating Officer of Kings Minerals, said that "A detailed mine plan and schedule will be produced to optimize metal production and to defer the development of the carbon-in-leach stage until well after the initial capital payback is scheduled. We are also working on the site plan to improve the layout and significantly reduce the initial capital requirement for the heap leach development."

John Cook, concluded "We look forward to the results of the new metallurgical program to confirm the metallurgy recoveries estimated to date. We are also confident that a revised mining and development scenario could potentially reduce capital cost and generate cash flows faster."

A new aerial photography and topographical map of the San Anton property is being produced to provide detailed contours of selected areas for the purpose of evaluating pit slope parameters to be used in the final pit designs. The new topographical map will also be crucial to the accurate completion of the mine design and mine schedule planned for Cerro del Gallo.

Although work on the feasibility study is anticipated to be largely complete by the end of December 2010, final feasibility reporting will be completed first quarter 2011. Environmental permitting, landowner agreements, change of surface usage and the explosives permit, as per Mexican regulations, are scheduled for completion by June 2011.

John Skeet, Chief Operating Officer of Kings Minerals, Metallurgist and MAusIMM and a Qualified Person under National Instrument 43-101, has reviewed and approved the technical information in this release.

About San Anton Resource Corporation

San Anton Resource Corporation is an exploration and development company that is listed on the TSX and is totally focused on the mining friendly jurisdiction of Mexico. The Company's principal asset is a 64% interest in the San Anton Property (Goldcorp 36%), which hosts the near-surface Cerro del Gallo gold-silver-copper deposit. The Property is located in a historic gold-silver mining district and has only recently been subjected to modern exploration techniques. This work quickly identified several targets and has led to the delineation of a NI 43-101 Measured &Indicated Mineral Resource of 461 million tonnes grading 0.27g/t gold (3.9Moz), 11g/t silver (163Moz) and 0.11% copper (1.09Blb) and an Inferred Mineral Resource of 166 million tonnes grading 0.11g/t gold (0.6Moz), 7 g/t silver (39Moz) and 0.10% copper (0.36Blb). Within the overall deposit, there is a 'gold domain zone' containing Measured &Indicated Mineral Resource of 209 million tonnes grading 0.48g/t gold (3.2Moz) and 11g/t silver (71Moz) and within this zone, there is a relatively higher grade gold resource defined at surface. The deposit remains open in several directions. On March 2, 2010, San Anton announced a highly encouraging US$259 million net free cash flow, US$415/oz production cost "base case" scoping study finding for the Cerro del Gallo project.

The Toronto Stock Exchange has neither approved nor disapproved the contents of this press release. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of San Anton are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the expectations of San Anton are detailed from time to time in the filings made by San Anton with securities regulators.

TSX closing price for SNN

Date: 2010/08/03

Closing Price: 0.150

TEL: 416-987-0856 San Anton Resource Corporation

John Cook, President &CEO

[thunderfromdownunder]

From today's NR.

Following the positive scoping study, outcome work for the completion of a Feasibility Study has commenced. Several lead consultants for the Feasibility Study have been engaged and drill core samples selected and shipped to a laboratory for definitive metallurgical testing.

The following lead consultants have been retained:

Mine Development Associates and The Mines Group, both from Reno, Nevada, USA, have been engaged to complete the mine planning, mine design, heap leach design, water balance, dam design work among other items.

SGS Lakefield Oretest (SGS) in Perth, Australia have been engaged to perform the metallurgical test work.

Heuristica Ambiental from Hermosillo, Mexico has been retained for, and are progressing with, the environmental permitting work.

The Feasibility Study for the Cerro del Gallo Project will initially focus on optimizing development of the resource with regard to mine life and process methods, and to maximize the use of low cost heap leaching for gold and silver production.

Importantly, metallurgical recoveries for the gold and silver by heap leaching are being confirmed by the metallurgical test work by SGS. Confidence levels in the metallurgical performance of the fresh rock material to be processed by milling and carbon-in-leach is high due to the level of previous test work performed.

John Cook, President and CEO of San Anton stated, "In addition to the work on the Company's rights offering and the business combination with Kings Minerals to strengthen the corporate structure and financial situation of the Company, the activities currently underway to support the Feasibility Study for Cerro del Gallo have progressed well. Kings Minerals' technical operations team, led by John Skeet - well experienced in this type of development project in Mexico -, is overseeing these Feasibility Study activities."

John Skeet, Chief Operating Officer of Kings Minerals, said that "A detailed mine plan and schedule will be produced to optimize metal production and to defer the development of the carbon-in-leach stage until well after the initial capital payback is scheduled. We are also working on the site plan to improve the layout and significantly reduce the initial capital requirement for the heap leach development."

John Cook, concluded "We look forward to the results of the new metallurgical program to confirm the metallurgy recoveries estimated to date. We are also confident that a revised mining and development scenario could potentially reduce capital cost and generate cash flows faster."

A new aerial photography and topographical map of the San Anton property is being produced to provide detailed contours of selected areas for the purpose of evaluating pit slope parameters to be used in the final pit designs. The new topographical map will also be crucial to the accurate completion of the mine design and mine schedule planned for Cerro del Gallo.

Although work on the feasibility study is anticipated to be largely complete by the end of December 2010, final feasibility reporting will be completed first quarter 2011. Environmental permitting, landowner agreements, change of surface usage and the explosives permit, as per Mexican regulations, are scheduled for completion by June 2011.
_________________
While It's Nice to Be Important, It's More Important to Be Nice

[thunderfromdownunder]

San Anton Resource Corporation (TSX:SNN) ("San Anton" or the "Company") announces that it has completed its previously announced rights offering. Under the offering, San Anton has issued 22,080,351 common shares at a price of $0.15 per share for gross proceeds to the Company of $3,312,052. Following the completion of the rights offering, San Anton now has 127,276,042 common shares issued and outstanding.

Kings Minerals Mexico Pty Ltd., which owned 71.3% of the issued and outstanding common shares of the Company prior to the completion of the rights offering and is a wholly-owned subsidiary of Australian Securities Exchange-listed Kings Mineral NL, purchased 18,750,000 shares under the rights offering for gross proceeds of $2,812,500 to the Company, representing its approximate pro rata portion of the rights offering.

The net proceeds from the rights offering will be used to pay approximately $1.4 million owed to Kings Minerals for approximately $890,000 in working capital loans advanced by Kings Minerals to the Company and for the reimbursement of approximately $553,000 in salary and administrative costs related to technical services provided by Kings Minerals on the Company's San Anton Project, to advance the development of the San Anton Project, including completion of a feasibility study, and for general working capital.

The Company is continuing to work towards its previously announced business combination with Kings Minerals pursuant to which Kings Minerals would acquire all of the San Anton common shares it does not own in consideration for Kings Minerals ordinary shares on the basis of two and one-half (2.5) Kings Minerals shares for each San Anton share. The business combination is subject to approval by the shareholders of San Anton and Kings Minerals, including approval by a majority of San Anton's minority shareholders. San Anton has called a special meeting of its shareholders to seek such approval to be held on August 30, 2010.

John Cook, President and CEO of San Anton commented "We're pleased with the results of the rights offering, particularly with the full participation of Kings Minerals and the support received from a number of our minority shareholders. The offering has improved San Anton's financial position considerably, providing it with funds to pay down debt, to continue towards a feasibility study on the Cerro del Gallo deposit and for working capital in the short term."
_________________
While It's Nice to Be Important, It's More Important to Be Nice

[rogerklam]

[mouserman]

So what is the knock against SNN , certainly doesnt look to be the size of the resource. Management , tough metallurgy with low grades?
I noted that Kings Minerals out of Australia owns a large % and Goldcrop also a big holding here.
The new rights look interesting , just wondering about the negatives here.
_________________
Hi ho silver and away

[Bruno Laliberte]

Hi Thumper,


Here is some information regarding SNN.RT on Stockwatch:

Link:

http://www.stockwatch.com/news.....s_region=C

--------------------------------------------------

San Anton Resource rights offering


2010-06-25 19:12 ET - Rights Offering

TSX bulletin 2010-0771


Stock symbol: SNN.RT

Cusip: 796193 11 8

Shareholder entitlement: One right for each common share held on the record date

Terms of the rights: Four rights plus 15 cents for one common share

Expiry time: 4:30 p.m. (Toronto time) on July 29, 2010

Ex rights date: June 29, 2010

Record date: July 2, 2010

Designated market-maker: NCP Northland Capital Partners Inc.


Holders of common shares (symbol: SNN) of record as of the close of business on Friday, July 2, 2010, will be granted the right to subscribe for one common share for every four shares held on such record date at a subscription price of 15 cents per share. The rights are evidenced by transferable rights certificates registered in the names of the holders of common shares of record on the record date on the basis of one right for each common share held, four rights and the sum of 15 cents being required to subscribe for one additional common share. The rights will expire at 4:30 p.m. (Toronto time) on July 29, 2010.

----------------------------------------------

[thumper]

Retireasy:

I had another thought.

Went back into Waterhouse and asked for the
stock SNN.rt and it came up.

So, it must be trading.

[thumper]

Thanks Retireasy:

Just checked my Waterhouse account and
there is nothing there.

Maybe they are just a little tardy.
Usually they send you something in the mail first.

[retireasy]

thumper i checked my scotia mcleod direct trading account and there it was.yesterday friday the 9th.

rts san anton resource corp exp 07/29/10
30000 0.005 market value 150.00

unfortunately i have an additional 14000 shares in another account

[thumper]

Retireasy:

[coach247]

Hi Guys!

SNN represented one of my biggest losers in what was a terrible year in 2008. Where is Coach? I did post on this forum last year that I had sold out and taken my losses. As for being a promoter, I wrote an article about the stock in my Mexico Mike column, and posted updates on this forum after my discussions with management. I was never paid a cent or any form of compensation for that. It was one of many stocks that I was personally very bullish on, and therefore I took the time to contribute my honest opinions and share whatever info I could dig up. I do not speak for Proticker but I believe he is also honest and sincere in his comments.

One thing I have learned is that when a stock goes sour, people look for someone else to blame. I do not see posts about "Where is Coach" when I have presented huge winners in the past, and there are far more of those than the broken stock variety. Stocks go up and stocks go down. We all know some of the juniors are just not going to be successful, yet its a big surprise, and somehow hints of a scam are thrown in, whenever one of these stocks goes in the toilet that we had high hopes for.

I regret that anyone took a hit on this one. I took a huge loss. The worst thing to me is that deposit is viable and I think it will eventually be developed into a mine sometime. The wheels came off for SNN there is money that will be made by the right people on that deposit in the future.

cheers!
mike
_________________
Its only a gambling problem if you are losing...

[retireasy]

at this point i would sell if i got back half my losses.i laughed at the notice of rights offering i received.like i would consider buying more of this crap given
how things have been executed so far.

[Bruno Laliberte]

Hi ProTicker and DonM,

Thank you for your replies. I do not hold a grudge against any of you guys (ProTicker, Coach, etc.) and I am fully aware that you have always based your comments and opinions on the situation at the time. Everything you say in your latest reply makes a lot of sense.

I guess my frustration and disappointment got the best of me at this point and I am sure many others feel the same way ... I agree -- many of us have learned the hard way and it is extremely difficult to get answers from the top (Kings Minerals). I am still concerned about Kings Minerals's last move as I am not quite sure what their intention really is. I just hope that one day soon, Kings Minerals will provide a better and clearer picture of their plan and a more precise timeline for the San Anton project. Perhaps they should sollicit the help from foreign investors (such as chinese, etc.) in order to accelerate the project. I am usually a very patient and reasonnable person .... and I certainly hope that we will all one day come out of this situation as winners or where we can all simply recover our losses.

ProTicker, once again, I do value your input like many others do. Thanks.