Mining’s NewBestMexicanFriend, Ernesto Echavarria, is still out there batting hard it seems. He’s had mixed results so far, having been royally creamed by the scammers at ATW Gold (ATW.v) and having no luck with Rye Patch Gold (RPM.v) either, but on the other hand hitting a good win so far in Copper Fox (CUU.v) and also making decent coin on Pediment (PEZ.to).
So today we note that Ernesto is upping his stake in Animas Resources (ANI.v), buying in for the second time (at least) into this explorer doing Mexico and taking up over half the latest 35c placement: Here’s the paste from the page:
ANIMAS RESOURCES LTD. ("ANI") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: May 18, 2010 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 7, 2010: Number of Shares: 4,000,000 shares Purchase Price: $0.35 per share Warrants: 2,000,000 share purchase warrants to purchase 2,000,000 shares Warrant Exercise Price: $0.55 for a one year period for an 18-month period. Number of Placees: 22 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Shares Gary Bogdanovich P 100,000 Ernesto Echavarria Y 2,294,500 Brenda Howard P 100,000 Pacific Opportunity Capital Ltd. (Mark T. Brown & Family) Y 300,000 Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
ANI is a company that this humble author has always watched from the sidelines, as the company personnel have a good reputation for honesty and straight-shooting while the projects themselves haven’t really lived up to the billing so far. Anyway, Otto sez that Señor Echavarria is in better company here than the ex-Can of Corn scumballs that screwed him in Australia. DYODD.