28th Aug 2024 11:19
Metals Exploration PLC - Philippines-focused gold producer - Notes completion of acquisition of controlling interest in Philippines-based Yamang Mineral Corp. The purchase was announced in January. At the time, Metals Exploration said the acquisition of the 72.5% stake in YMC was for USD1.6 million in cash, plus options to subscribe for up to 41 million new shares in Metals Exploration. YMC holds the exploration tenement Abra, or EXPA-000129, a "highly prospective" exploration licence covering 16,200 hectares on Luzon, Philippines. Read More