Monday, 05 November 2007 01:05
Historic Sutter Creek Gold Mine Up For Sale
Information released last week reveals that the
owners of a historic gold mine in the Sutter Creek are putting their company up
for sale. Sutter Gold Mining Inc., based in Vancouver,
British Columbia, has hired the Toronto investment
banking company IBK Capital Corp. to find a potential buyer, merger
candidate or joint venture partner. The mining company (TSX Venture Exchange:
SGM) hopes gold prices, which hit a 27-year high on Wednesday, will attract a
suitor. Sutter Gold Mining chief executive officer Hal Herron told the
Sacramento Business Journal that about 25 companies are interested. "Most likely it will be a
stock-for-stock exchange so it will be tax-free for shareholders,"
he said.