Home / Metals / Silver Company news return to silver company news directory
Stainless Steel Flanges

Silver Company news return to silver company news directory

Prophecy Coal Corporation has signed a definitive agreement with Apogee Silver Limited regarding a transaction proposed in mid October.

Under the terms of the proposed transaction, Prophecy will acquire Apogee’s subsidiaries: Apogee Minerals Bolivia SA and ASC Bolivia LDC (which in turn, holds ASC Bolivia LDC Sucursal Bolivia, which holds Apogee’s joint venture interest in the Pulacayo Paca project) (collectively, the ‘Apogee Subsidiaries’) by paying to Apogee CAD 250,000 in cash (CAD 125,000 paid upon signing of the Definitive Agreement) and issuing to Apogee 60 million Prophecy common shares (the ‘Consideration Shares’) (the ‘Proposed Transaction’) (as opposed to creating and issuing 60 million Class B convertible, non voting shares as previously contemplated in the Prior News Releases).

Certain shareholders of Apogee who hold an aggregate of 87,599,000 common shares, representing approximately 19.4% of Apogee’s issued and outstanding common shares, have signed voting support agreements pursuant to which they have agreed to vote all of the Apogee shares beneficially owned by them in favour of the Proposed Transaction.

Source – Strategic Research Institute

Yaang Pipe Industry

About www.nctv.net

www.yaang.com provide a wide range of steel products as Steel pipe, Steel pipes and seamless pipes, Alloy pipes, Pipe fittings, Composite steel pipe used in the industry, construction etc.

Leave a Reply

Your email address will not be published. Required fields are marked *


Scroll To Top