Philippine Metals to obtain up to $8M from new investor
January 13th, 2010
Filed under: General News
Canadian-led Philippine Metals Corp. will secure as much as $8 million in investments from another Canadian miner through a share sale to fund exploration projects in the Philippines.
On its Web site, Philippine Metals said New Meridian Mining Corp. was set to conduct a private placement of 11.111 million subscription receipts of Philippine Metals at a price of $0.45 per subscription receipt, “for gross proceeds of $5 million.”
Leave a Reply
Please note that your comments will be subject to moderation by the PMEA Blog Administrator.