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DMC Document Security Systems Common Stock

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Share Name Share Symbol Market Type
Document Security Systems Common Stock AMEX:DMC AMEX Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

DMCI Holdings Nickel Unit Acquires 17% Stake In Toledo Mining

25/10/2012 4:25am

Dow Jones News


Document Security (AMEX:DMC)
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   By Rhea Sandique-Carlos 
 

MANILA--Philippine conglomerate DMCI Holdings Inc. (DMC.PH) said Thursday its wholly-owned nickel mining unit DMCI Mining Corp. has acquired Daintree Resources Ltd.'s 17% stake in Toledo Mining Corp. (TMC.LN).

DMCI Holdings said in a statement it bought 8.48 million shares at a price of GPB0.40 ($0.25) a unit.

Early this week, DMCI Mining also acquired a 31% stake in Nickeline Resources Holdings for $6.552 million.

Nickeline owns 60% of Berong Nickel Corp., a joint venture between Toledo Mining, Atlas Consolidated Mining and Development Corp. (AT.PH) and ENK PLC (ENK.LN), which is owned 87.7% by DMCI along with D&A Income Ltd.

Write to Rhea Sandique-Carlos at rhea.sandique-carlos@dowjones.com

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