Loading ...Neumeyer Rebuffed by
Moneta Porcupine
Issue 160, April 2016
First Mining Finance, the gold vehicle backed by dealmaker Keith Neumeyer, has been pursuing gold junior Moneta Porcupine for several months, Global Mining Observer reports. The approach has been rebuffed but not disclosed.
Toronto-listed Moneta owns the 4.3m ounce Golden Highway project in Ontario. Neumeyer first approached the company two years ago and has made several approaches since, but has failed to land an agreement.
First Mining Finance listed last year and has been aggressively buying small gold companies. It held talks in February in London with a former Moneta insider, but according to sources involved, has failed to win over any significant pool of investors, who are believed to be backing current management.
Neumeyer, who privately jokes that he is “creating unemployment” in the industry by turfing out management teams, entered mining in the 1980s. He was vice president of investor relations at First Quantum, before reinventing himself in silver, founding Mexican silver play First Majestic. Neumeyer has founded First Mining Finance to focus on gold.
cont. http://www.globalminingobserver.com/first-mining-finance-moneta-porcupine-keith-neumeyer-160