I have been holding Bullion shares for quite a while, so after getting this notice (some time back)and doing some research on Eurasian, I found this to be encouraging :




February 07, 2012
Eurasian Minerals and Bullion Monarch Mining Enter into Merger Agreement

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Vancouver, British Columbia, February 7, 2012- Eurasian Minerals Inc. (TSX-V: EMX; NYSE Amex: EMXX) ("EMX") and Bullion Monarch Mining, Inc. (OTCQB: BULM; FRA: BMJ) ("BULM") are pleased to announce that they have entered into a definitive agreement (the "Agreement") with respect to a proposed merger of BULM with a wholly-owned subsidiary of EMX (the "Transaction"). EMX has agreed to acquire all of the outstanding common shares of BULM for which BULM shareholders will receive 0.45 of an EMX common share and US$0.11 in cash for each BULM share held. The Transaction is expected to close in the second quarter of 2012 and the BULM shares will cease trading thereafter.

The combined company will hold more than 145 properties on five continents, as well as a currently paying 1% gross smelter return (GSR) royalty on several of Newmont Mining Corporation's operations and projects on the Carlin Trend in Nevada, including the Leeville mine and the Four Corners project. This royalty paid BULM more than US$20 million in the last six years and more than US$6 million in fiscal 2011 alone.

Following the closing of the Transaction, it is expected that BULM President James (Andy) Morris will join the EMX board of directors and BULM chairman and chief executive officer R. Don Morris will be appointed to the EMX advisory board.

Based on the consideration offered in the Agreement and current outstanding shares, the value of the total Transaction consideration approximates US$45.8 million and represents a 64% acquisition premium, based on 30-day volume-weighted average prices and average exchange rates through February 7, 2012. Although not free from uncertainty, the anticipated structure of the Transaction is expected to allow BULM shareholders to defer the majority of the United States tax effects of the Transaction until they ultimately decide to sell the EMX shares received as consideration.

The Transaction is subject to, among other things approval of the BULM common shareholders at a special meeting to be held to approve the Transaction. The Transaction is also subject to receipt of all necessary regulatory and stock exchange approvals and other customary closing conditions.

Officers, directors and certain significant shareholders of BULM have entered into voting agreements with EMX pursuant to which they agreed to vote the BULM shares beneficially owned by them (collectively representing approximately 40% of BULM's outstanding common shares) in favor of the Transaction, subject to the terms and conditions set forth in the voting agreements.

Pursuant to the Agreement, BULM is subject to customary non-solicitation covenants. In the event a superior proposal is made, EMX has the right to match such proposal, and in the event BULM's board of directors changes its recommendation or terminates the Transaction under certain circumstances, BULM has agreed to pay EMX a termination fee of US$4 million. In certain other circumstances where the Transaction is not completed, EMX could be obligated to pay BULM a reverse termination fee of US$1 million.

Grammerkat I looked at Bullion Monarch a couple of times, as I always thought it had an interesting combination of assets.

What we're seeing here is part of the general "consolidation" that has been FORCED on the junior miners by the latest (extended) Wall Street attack on this sector. Many companies with very good ASSETS are now (again) starved for capital.

So those juniors who are better capitalized are now taking advantage of these fire-sale prices to consolidate the assets of many of these cash-starved companies. In many cases these mergers now represent best-case scenarios for these companies.

It ALSO illustrates how we rarely risk these junior miners going to ZERO - even in the worst cash crunch. Rather, the "end" of these companies comes with the company being absorbed into another operation - and shareholders of the OLD company ending up with shares in the NEW company.

So we diversify into a basket of miners to ensure that we don't have "all our eggs" in one of these (cash-starved) baskets. And it also allows us to WAIT on the "losers" in our portfolio - in this case by giving a DIFFERENT management team the chance to see what THEY can do with these assets.