ABCFF Abacus Mining and Exploration Corp (PK)

0.01625

0.00015 (0.93%)

22 Nov 2024 - Closed

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type
Abacus Mining and Exploration Corp (PK)	USOTC:ABCFF	OTCMarkets	Common Stock

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00015	0.93%	0.01625	0.0144	0.02	0.01625	0.01625	0.01625	500	21:00:24

Polish KGHM Exercises Option To Raise Stake In Canadian JV Apax

02/04/2012 2:56pm

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Polish copper miner KGHM Polska Miedz SA (KGH.WA) has exercised an option to increase its stake in Canadian joint venture KGHM Ajax Mining Inc., a planned copper and gold mine, to 80% from 51%, the company said in a statement Monday.

KGHM said it paid joint-venture partner Abacus Mining & Exploration Corp. (AME.V) $29.9 million to increase its stake.

By exercising the option, KGHM has committed itself to organizing the project's financing, which is $795 million according to a bank feasibility study published in December.

The planned mine, located near the city of Kamloops in British Columbia, is expected to start production in 2015.

-By Marynia Kruk, Dow Jones Newswires; +48 22 447-2431; marynia.kruk@dowjones.com