PMEA Blog

Amy R. Remo
Philippine Daily Inquirer

MANILA, Philippines–Philex Mining Corp., the country’s largest miner, is set to indirectly acquire all of the outstanding common shares of Toronto-based Philex Gold Inc. from minority shareholders for $0.75 apiece.

In a disclosure to the Philippine Stock Exchange, Philex Mining said Philex Gold was able to obtain an interim order from the Ontario Superior Court of Justice.

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