11:48 AM EST - Sabina Silver Corp. : concluded the Back River asset purchase from Dundee Precious Metals Co. Pursuant to the transaction, in exchange for the Back River Project, the company has issued $7 million in cash, 17 million of its common shares, 5,000 Class A Unit Warrants and 5,000 Class B Unit Warrants. Each of the Unit Warrants is exercisable for one common share and one-half of one common share purchase warrant of Sabina. The Class A Unit Warrants will be automatically exercised upon a decision to proceed to a feasibility study or proceed to production on the Back River project. The Class B Unit Warrants will be automatically exercised upon a positive production decision with respect to the project. Consequent to the transaction, without giving effect to the exercise of the Special Warrants, Dundee Precious Metals holds 18.8 per cent of Sabina's outstanding common shares. Sabina Silver Corp.
shares V.SBB are trading up $0.03 at $1.15.
