Como-based Medusa Mining is set to spend $80 million on the construction of a new treatment plant and associated infrastructure at its Co-O project in the Philippines.
Perth-based gold and copper explorer Sierra Mining Ltd has informed Medusa Mining Ltd that it has been unable to approve a planned joint venture agreement.
Como-based Medusa Mining Ltd has fallen short of its goal to raise $15 million ahead of its merger with Philsaga Mining Corporation and listing on London's Alternative Investment Market by over $4 million.
With shareholder backing, Como-based gold company Medusa Mining Ltd is set to list on London's Alternative Investment Market, embark on a $15 million capital raising and merge with its partner Philsaga Mining Corporation.
Como-based gold company Medusa Mining Ltd has won shareholder approval for its plans to list on London's Alternative Investment Market later this year, embark on a $15 million capital raising and merge with Philsaga Mining Corporation.
Through its Filipino subsidiaries and in joint venture with Philsaga Mining Corporation, it has signed a Mines Operating Agreement with private vendors of the Das-Agan Project contained in two parcels
Medusa Mining Ltd 10-Aug-05 Has executed a Lease and Option Agreement with Philsaga Mining Corporation and its Principal Shareholders to acquire Philsaga's treatment plant and associated facilities.
