Smart Investment - mexicomike.ca

[harryd]

Kings Minerals up .03 cents Monday, to .15 cents....the 2 1/2 shares for one of San Anton, looking better....traded 1,582.329 shares Monday

harryd
_________________
Harry Lanpher

[thunderfromdownunder]

Significant trading volumes and buying interest in Kings Minerals the last two weeks. I'm guessing investors like the SNN gold and silver prospects for a mine.

OCJ Investment (Australia) Pty Ltd bought 25,754,395 Kings Minerals NL shares for $2,478,176 August 19, 2010, becoming a substantial shareholder with 25,754,395 shares (5.06%).

OCJ Investment (Australia) Pty Ltd bought 5,515,682 Kings Minerals NL shares for $605,551 on-market on September 1, 2010, increasing from 25,754,395 shares (5.06%) to 31,270,077 shares (6.14%).
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While It's Nice to Be Important, It's More Important to Be Nice

[Bruno Laliberte]

Thanks thunderfromdown under.

Good for him if he made a cool profit ... all I can say that it is very strange that the President / CEO to make such a move at that time ... sending a bit of a wrong message such as a lack of confidence in the latest action and measure taken by Kings Minerals ... perception is important and at times, one has to be careful.

Thanks again ...!

[thunderfromdownunder]

If you check the filings it looks like MacLellan flipped his shares to another director Dawson on July 30 th.
Also John Cook loaded up on shares just before the rights offering closed. I asked him why he was buying at that time since it was public info. He said cause they are cheap. He sold 2 weeks later at a cool $10,000 profit. Good for him! Also Cook has 4.750,000 options coming in the new merged company and doesn't need them.
_________________
While It's Nice to Be Important, It's More Important to Be Nice

[Bruno Laliberte]

Below are Insider Filing Information.

John Cook and Vaughn MacLennan have disposed of so many common shares prior to the approval of the acquisition of SNN shares by Kings Minerals and prior to the distribution of the 2 and one half Kings shares for each SNN share.

Any idea anyone?

-------------------------------
Insider Filing Information regarding San Anton Resource Corporation (SNN) - As of August 30th, 2010

Filing Date: Aug 30/10
Transaction Date: Aug 24/10
Insider Name: Cook, John Francis
Ownership Type: Direct Ownership
Securities: Common Shares
Nature of transaction: 10-Disposition in the public market
# disposed of: 151,375 at $0.21

Filing Date: Aug 04/10
Transaction Date: Jul 30/10
Insider Name: MacLellan, Vaughn
Ownership Type: Direct Ownership
Securities: Common Shares
Nature of transaction: 16-Disposition under a prospectus exemption
# disposed of: 166,666 at $0.15
------------------------------------------------

[r2j316]

San Anton Resource Corporation Shareholders Approve Proposed Business Combination With Kings Minerals
30 Aug 2010 - ACQUIREMEDIA

TORONTO, ONTARIO--(Marketwire - Aug. 30, 2010) - San Anton Resource Corporation (TSX:SNN) announces that its shareholders have approved the proposed business combination with Kings Minerals NL (ASX:KMN) at a shareholders meeting held earlier today. The resolution to approve the business combination was approved by 97.41% of the votes cast by shareholders at the meeting, and by 78.81% of the votes cast by minority shareholders at the meeting.

Pursuant to the proposed business combination, Kings Minerals will acquire all of the Company's 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 completion of the business combination is subject to Kings Minerals obtaining conditional approval for a listing of its ordinary shares on the TSX or the TSX Venture Exchange. Kings Minerals has applied to the TSX Venture Exchange for a listing and it is anticipated that additional details with respect to the status of the application will be announced soon. Kings Minerals has not yet received conditional approval for a listing, and listing will be subject to Kings Minerals fulfilling all of the listing requirements of the TSX Venture Exchange.

It is anticipated that closing of the business combination will occur shortly after the receipt of conditional approval for a Kings Minerals TSX Venture Exchange listing. Upon closing, San Anton will become an indirect wholly-owned subsidiary of Kings Minerals, the San Anton shares will be delisted from the TSX and each San Anton share outstanding immediately prior to the closing will be exchanged for two and one-half (2.5) Kings Minerals shares for each San Anton share. No fractional Kings Minerals shares will be delivered to any San Anton shareholder and any fractional shares will be rounded down to the nearest whole number.

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.

Neither the TSX nor the TSX Venture Exchange have approved or disapproved the contents of this press release, nor have they 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.

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

Source: San Anton Resource Corporation

[thumper]

This transaction will only add about 85million shares to Kings total.

Since there are in the neighbourhood of 650 million Kings share out,
Kings total shares will only increases by about 13%.

Don't forget since Kings already have 74% of SNN shares they
only need to issue 2.5 Kings shares for the remaining 25% of
SNN shares outstanding(or approx.85 million shares).

[Bruno Laliberte]

Once Kings Minerals acquires all of the common shares of San Anton based on 2 and one-half Kings Minerals Shares for each San Anton, I would not be surprised to see a reverse split further down the road to make the share value more attactive on the open market.

Any comments anyone?

[longbay102]

Kings Minerals Shareholders Approve Proposed Business Combination With San Anton

TORONTO, ONTARIO, Aug 26, 2010 (MARKETWIRE via COMTEX News Network) --
San Anton Resource Corporation (TSX: SNN) announces that the shareholders of Kings Minerals NL (ASX: KMN) have approved the proposed business combination by which Kings Minerals would acquire all of the common shares of San Anton 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 proposed business combination was approved at the General Meeting of shareholders held by Kings Minerals on August 26, 2010.

As previously announced, a special meeting of San Anton's shareholders to seek approval for the business combination will be held on August 30, 2010. Shareholders unable to attend the meeting must deposit their proxies with Computershare Investor Services Inc. no later than 12:00 pm (noon), Eastern Time, on August 27, 2010. Voting can also be done by telephone or Internet as explained on the form of proxy sent to San Anton's 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 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.

Contacts:San Anton Resource CorporationJohn CookPresident & CEO(416) 987-0856johncook@kos.netSan Anton Resource CorporationChristian Del ValleManager, Corporate Development(416) 987-0856cdelvalle@sanantonresourcecorp.com
SOURCE: San Anton Resource Corporation

mailto:johncook@kos.net mailto:cdelvalle@sanantonresourcecorp.com

Copyright 2010 Marketwire, Inc., All rights reserved.

[thumper]

I just spoke with John Cook and he verified that it
is a financing problem.

He feels that once the amalgamation goes through
he will be able to borrow the money in order to
proceed into production.

So, it boils down to being diluted by Kings or being
diluted by selling shares in the open market-take your
choice.

[Consalvo]

I also think the merger will go through, but I just voted NO anyway, in protest against the lower valuation management chose to give our shares.

[thunderfromdownunder]

I'm voting yes. I think the merger vote is going thru. I don't believe all the "no voters" on the board. Serious action in Kings trading this week. 3 million shares traded yesterday. OCJ Investment picked up 25 million shares last week in Kings for 5% of the company. The Mexico mine numbers are being reworked with lower CAPEX costs to reflect the feasibility numbers due year end. We don't need the CIL plant for years due to better metallurgy results for the oxidized material.
SNN trading up 40% since the rights offering closed. I'm guessing another round of financing shortly with new merged company will see us through to the bankable feasibility study.
_________________
While It's Nice to Be Important, It's More Important to Be Nice

[APATEL]

[quote="thumper"]How is everyone voting on this business combination?

Someone mentioned that the purpose was because
of finanacing issues.

I'm thinking that they are trying to get rid of
Goldcorp before things move along too far.

[b]Any ideas?[/b][/quote]

I voted no for this business combination over the automated phone. As per the terms of the combination the majority of the minority holders (ie s/h other than Kings) need to vote in favour to the proposal for it to go through. So I did my part as I think we are not being properly compensated.
Thanks
apatel

[dcl1soft]

I have been in San Anton for a long time but nonetheless we won't get any real value for our shares until we get closer to production. And yes, financing for going forward is definitely the motivation.

[thumper]

How is everyone voting on this business combination?

Someone mentioned that the purpose was because
of finanacing issues.

I'm thinking that they are trying to get rid of
Goldcorp before things move along too far.

Any ideas?