Sept. 12, 2017: Philippines: Marcventures getting $22m in merger with two mining firms
Marcventures Holding Inc, engaged in mineral development in the Philippines, is merging with Asia Pilot Mining Philippines Corp (APMPC), and BrightGreen Resources Holdings Inc (BHI) in a deal valued at $22.1 million (P1.125 billion). The company plans to issue a total of 1.125 billion shares priced at P1.00 apiece for the merger, that is 675 million shares in favor of APMPC shareholders, and 450 million shares in favor of BHI shareholders. Both APMPC and BHI will be folded into Marcventures subject to approval of the shareholders.
Read more at: https://www.dealstreetasia.com/stories/philippines-marcventures-getting-22m-in-merger-with-two-mining-firms-82100/