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News: MNC Metminco Signs Non-Binding Indicative Offer With Andes Resources Ltd

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    13/03/19
    16:50
    Post #: 37750221

    March 13 (Reuters) - Metminco Ltd (MNC) :

    • SIGNED A NON-BINDING INDICATIVE OFFER WITH ANDES RESOURCES LTD IN CONNECTION WITH A PROPOSED MERGER OF TWO COMPANIES
    • IT IS PROPOSED MERGED COMPANY WILL RAISE $4 MILLION
    • METMINCO - ENTERED NON BINDING INDICATIVE OFFER FOR CO TO EFFECT MERGER BY ACQUIRING 100% OF ISSUED CAPITAL OF ANDES THROUGH OFF-MARKET TAKEOVER OFFER
    • FUNDS RAISED WILL INITIALLY BE DEPLOYED TOWARDS MAIDEN DRILLING OF CHUSCAL GOLD PROJECT
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