PMEA Blog

MANILA, Dec 26, 2007 (Thomson Financial via COMTEX) — PLXCF | charts | news | PowerRating — Philippine miner Philex Mining Corp said Wednesday it has acquired an additional 6 million shares in Pitkin Petroleum Ltd for 3 million dollars to raise its stake in the Texas-based exploration company to 10.7 percent from 4.0 percent.
Pitkin […]

From: Inquirer
By Elizabeth Sanchez-Lacson
PHILEX Mining Corp. is diversifying into new businesses after saying it has spent $5 million to acquire a 46-percent stake in a Canadian company with oil and gas properties.
In a disclosure last Friday, Philex vice president for finance Renato Migrino said Philex Mining bought through a private placement 200 million shares of […]

Philippine gold and copper producer Philex Mining Corp. (PX.PH) Tuesday said it has bought a 4.4% stake in Texas-based Pitkin Petroleum Ltd. for $2 million.
The acquisition is in line with Philex’s efforts to increase its petroenergy portfolio, the company told the stock exchange, adding that the investment will account for 51% of its oil assets.
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Cotton & Western Mining, Inc. (PINKSHEETS: CWRM) / International Minerals Mining Group, Inc. (PINKSHEETS: IMNM) — CWRM issues Letters of Intent to two copper mineral rights holders in the Republic of the Philippines and is hopeful that a copper mineral deposit development and mineral sharing agreement can be reached before the end of year 2007.
World […]