Celsius Resources speaks to Proactive about the issuance of an exploration permit for the Botilao Porphyry Copper-Gold Prospect under its Philippine subsidiary, Makilala Mining Company.
Celsius Resources (ASX: CLA, AIM: CLA) Managing Director Peter Hume speaks to Thomas Warner from Proactive London about the latest developments and how the Company is making significant strides progressing the MCB Copper-Gold Project.
As previously announced, Celsius and Silvercorp entered into a term sheet which outlined the non-binding key terms upon which, amongst other things, Silvercorp would acquire 100% of the issued capital of Celsius pursuant to a scheme of arrangement (“Scheme”).
Celsius Resources is pleased to announce that a secondary tenement, the Botilao Porphyry Copper-Gold Prospect under its Philippine subsidiary, Makilala Mining Company, will be explored to complement the development of the area with a potential to extend the operational mine life.
‘Some are seeing this as 3 cents, but when you look at it as a combined value (acquisition and SpinCo) this deal is more like 4.5c’ – Peter Hume speaks to Proactive Investors about the proposed acquisition by Silvercorp.
Celsius Resources receives proposed acquisition by Silvercorp Metals; plans joint $5 million raise for MCB
Celsius Resources (ASX:CLA, AIM:CLA) is pleased to announce it has entered into a non-binding term sheet (“Term Sheet”) and a binding subscription agreement (“Subscription Agreement”) with Silvercorp Metals Inc., (“SVM” or “Silvercorp”) (TSX:SVM, NYSE:SVM) a Canadian-based mining company engaged in the acquisition, exploration, development and mining of mineral properties. Highlights Celsius Resources Limited has entered…