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.
Has signed a Heads of Agreement with the principal shareholders of Philsaga Mining Corporation to acquire their shares and thereby ownership of all of Philsaga’s assets in central eastern Mindanao, Re
02 Nov 2004
Subscribe today for award-winning, unbiased and trusted journalism
