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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Philex Gold | TSXV:PGI | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0 | - |
The acquisition will be completed by way of the purchase by PMC of the shares currently owned by Anglo in the joint venture companies, Silangan Mindanao Mining Company, Inc. and Silangan Mindanao Exploration Company, Inc., which own four mining tenements, including Mineral Production Sharing Agreement No. 149-99-XIII that covers five parcels, among which is the Boyongan deposit, in Surigao, Southern Philippines.
The acquisition by PMC will resolve the Company's prior claim that Anglo should return the Boyongan property to the Company. The Company has agreed to abandon such prior claim in the light of the sale. The Company has received assurances from PMC that it will assist the Company to meet its obligations until the end of 2010.
The purchase by PMC of the shares of Anglo in the Boyongan deposit joint venture companies is subject to the execution of definitive agreements for the transaction.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts: Philex Gold Inc. Rogelio G. Laraya (632) 746-8756 (632) 634-4441 (FAX) Email: rglaraya@yahoo.com.ph
1 Year Philex Gold Chart |
1 Month Philex Gold Chart |
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