Brief: Minco Silver Purchases Stake In Sichuan Hexie Shuangma Cement Company

Minco Silver

19/10/2022 11:08

Oct 19 (Reuters) - Minco Silver Corp  MSV.TO :
    * MINCO SILVER PURCHASES STAKE IN SICHUAN HEXIE SHUANGMA
CEMENT
COMPANY
    * MINCO SILVER CORP -  WHOLLY OWNED SUBSIDIARY, MINCO MINING
(CHINA) CO., LTD. WILL ACQUIRE AN INTEREST IN SAIKEHUAN FROM
HUAXIN
    * MINCO SILVER CORP - PROPOSED DEAL FOR FOR RMB 119,762,699
(CAD$23.04 MILLION) IN CASH
    * MINCO SILVER CORP - PURCHASE PRICE WAS FUNDED EXCLUSIVELY
FROM
MINCO SILVER'S SURPLUS WORKING CAPITAL
    * MINCO SILVER CORP - MINCO CHINA HAS ALSO ENTERED INTO A
RESTRUCTURING AND DISTRIBUTION AGREEMENT WITH SAIKEHUAN LP
    * MINCO SILVER CORP - TO RESTRUCTURE SAIKEHUAN LP TO
INITIATE
MINCO CHINA AS A DIRECT HOLDER OF HEXIE SHARES
    * MINCO SILVER CORP - ONCE PURCHASE PRICE HAS BEEN RECOUPED
IN
FULL, REMAINING PROCEEDS WILL BE DIVIDED AS TO 20% TO GENERAL
PARTNER AND 80% TO CO

Source text for Eikon:  ID:nCNW3P8h6a 
Further company coverage:  MSV.TO 
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