Published:
Asia-Pacific Strategic Investments to acquire 22.3% stake in Silvermane Investments
For a total consideration of $6m.
Asia-Pacific Strategic Investments is going to acquire a 22.3% stake in Silvermane Investments. The aggregate consideration for the Sale Shares is $6m.
Of this, $2m has been paid to the vendor on completion, while an additional $4m will be payable in the form of a promissory note to be issued by the company to the vendor in lieu of cash payment in the event that Amayapampa Gold Project commences production of gold.
Pursuant to the sale and purchase agreement, the company has acquired 223 ordinary shares, representing 22.3% of the issued and paid-up share capital of the target company.
Read Here
Advertise
Sign Up
