McEwen Inc. — Director's Dealing 2012

Feb 3, 2012

144 1 a12-4109_2144.htm 144

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933							OMB APPROVAL
							OMB Number: 3235-0101 Expires: March 31, 2011 Estimated average burden hours per response . . . . . . . . . 2.00
							SEC USE ONLY
							DOCUMENT SEQUENCE NO.
							CUSIP NUMBER
ATTENTION:	Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute sale or executing a sale directly with a market maker.
1 (a) NAME OF ISSUER (Please type or print)		(b) IRS IDENT. NO.		(c) S.E.C. FILE NO.			WORK LOCATION
McEwen Mining Inc.		84-0796160		001-33190
1 (d)	ADDRESS OF ISSUER	STREET	CITY		STATE	ZIP CODE	(e) TELEPHONE NO.
181 Bay Street, Suite 4750			Toronto Ontario		CANADA	M5J2T3	AREA CODE	NUMBER
							866	441-0690
2 (a)	NAME OF PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD	(b)	RELATIONSHIP TO ISSUER	(c)	ADDRESS STREET	CITY	STATE	ZIP CODE
Allen V. Ambrose		Director		401 W. Charlton Ave.,		Spokane	WA	99208

INSTRUCTION: The person filing this notice should contact the issuer to obtain the I.R.S. Identification Number and the S.E.C. File Number.

3 (a)	(b)	(c)	(d)	(e)	(f)	(g)
	Broker-Dealer File Number
Common Stock	Canaccord Wealth Management USA Suite 2200 609 Granville St Vancouver, B.C. V7Y 1H2	300,000	$1,725,000	263,844,747	2/3/12	NYSE

*INSTRUCTIONS:*

1.	(a)	Name of issuer	(a)	Title of the class of securities to be sold
	(b)	Issuer’s I.R.S. Identification Number	(b)	Name and address of each broker through whom the securities are intended to be sold
	(c)	Issuer’s S.E.C. file number, if any	(c)	Number of shares or other units to be sold (if debt securities, give the aggregate face amount)
	(d)	Issuer’s address, including zip code	(d)	Aggregate market value of the securities to be sold as of a specified date within 10 days prior to the filing of this notice
	(e)	Issuer’s telephone number, including area code	(e)	Number of shares or other units of the class outstanding, or if debt securities the face amount thereof outstanding, as shown by the most recent report or statement published by the issuer
			(f)	Approximate date on which the securities are to be sold
2.	(a)	Name of person for whose account the securities are to be sold	(g)	Name of each securities exchange, if any, on which the securities are intended to be sold
	(b)	Such person’s relationship to the issuer (e.g., officer, director, 10% stockholder, or member of immediate family of any of the foregoing)
	(c)	Such person’s address, including zip code

*Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.*

SEC 1147 (08-07)

SEQ.=1,FOLIO='',FILE='C:\JMS\rcheney\12-4109-2\task5083456\4109-2-ba.htm',USER='rcheney',CD='Feb 3 13:17 2012'

*TABLE I –– SECURITIES TO BE SOLD*

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired (If gift, also give date donor acquired)	Amount of Securities Acquired	Date of Payment	Nature of Payment
Common Stock	2/2/12	Exercise of stock option	Issuer	300,000	2/2/12	Wire

INSTRUCTIONS: If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

*TABLE II –– SECURITIES SOLD DURING THE PAST 3 MONTHS*

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

Name and Address of Seller
-0-

*REMARKS:*

INSTRUCTIONS:

ATTENTION:

See the definition of “person” in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

February 3, 2012	/s/ Allen V. Ambrose
DATE OF NOTICE	(SIGNATURE)
	The notice shall be signed by the person for whose account the securities are to be sold. At least one copy of the notice shall be manually signed. Any copies not manually signed shall bear typed or printed signatures.
DATE OF PLAN ADOPTION OR GIVING OF INSTRUCTION, IF RELYING ON RULE 10B5-1

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

SEC 1147 (02-08)

SEQ.=1,FOLIO='',FILE='C:\JMS\rcheney\12-4109-2\task5083456\4109-2-ba.htm',USER='rcheney',CD='Feb 3 13:17 2012'