St. Genevieve sells Louvem stake

Montreal-based St. Genevieve Resources (TSE) intends to sell all or part of its 11 million common shares in Louvem Mines (TSE) to the highest bidder.

The block represents 43% of all issued and outstanding shares in Louvem. Bids for the shares were to have been accepted until 5 p.m. on Jan. 6 at St. Genevieve’s head office.

At presstime, the sale had yet to be approved by regulators.