Rusina Mining share trading restored on ASX; to buy Barlo Project for $400,000
April 11th, 2008
Filed under: Mine - Acoje, Mineral - Copper, Operator - Rusina
From: forbes.com
LONDON (Thomson Financial) - Rusina Mining NL said trading in the company’s shares on the Australian Securities Exchange (ASX) has been restored after it responded to an ASX query concerning an incomplete transaction.
Rusina Mining also said it has entered into an agreement to buy the Barlo Project in the Philippines from the administrator of Fire Resources Ltd. for a total of $400,000.
Rusina said it paid a deposit of $50,000 on Tuesday with the balance of $350,000 to be paid on delivery of the assets to its Philippine unit. The company warned that the payment may take ‘considerably longer’ than 90 days, due to issues outside its control.
Leave a Reply
Please note that your comments will be subject to moderation by the PMEA Blog Administrator.