09:56 AM EST - Primero Mining : said it has entered into a definitive agreement to acquire all of the issued and outstanding common shares of Cerro Resources NL. Under the terms of the agreement, each Cerro shareholder will receive 0.023 of a Primero common share for each Cerro common share held. Cerro shareholders will also receive 80.01% of the common shares of a newly incorporated company (Spinco). Primero Mining
shares T.P are trading down $0.34 at $6.29.
