Prime Strategic Holdings Inc made an offer to acquire additional 59.7% stake in Apex Mining Co., Inc. from Monte Oro Resources & Energy, Inc., Lakeland Village Holdings,Inc., Devoncourt Estates Inc. and others for PHP 2.9 billion.
December 28, 2021
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Prime Strategic Holdings Inc made an offer to acquire additional 35.5% stake in Apex Mining Co., Inc. (PSE:APX) from Monte Oro Resources & Energy, Inc., Lakeland Village Holdings,Inc., Devoncourt Estates Inc. and others for PHP 2.9 billion on December 29, 2021. As per the transaction, Prime Strategic Holdings Inc made the offer to acquire 2.2 billion shares at PHP 1.30 per share. The transaction is subject to certain conditions as agreed between the parties. The offer period will commence from February 14, 2022 to March 14, 2022.
Apex Mining Co., Inc. is a Philippines-based company, which is engaged in the business of mining, milling, concentrating, converting, smelting, treating, preparing for the market, manufacturing, buying, selling, exchanging, and otherwise producing and dealing in gold, silver, copper, lead, zinc brass, iron, steel and all kinds of ores, metals and minerals. It operates the Maco Mines in Maco, Davao De Oro. Maco Gold Mine is situated in the municipalities of Maco and Mabini. It holds interests in Monte Oro Resources & Energy, Inc. (MORE), which owns Paracale Gold Ltd., which owns Coral Resources Philippines Inc., which in turn owns a mineral processing plant in Jose Panganiban, in Camarines Norte, and Bulawan Mineral Resources Corporation. It also holds interest in Itogon-Suyoc Resources, Inc., which is a subsidiary of the Company, which consists of the Sangilo Mine in Itogon and the Suyoc Mine in Mankayan, both located in Benguet Province, and the Benit Claim in Labo, Camarines Norte.
Prime Strategic Holdings Inc made an offer to acquire additional 59.7% stake in Apex Mining Co., Inc. from Monte Oro Resources & Energy, Inc., Lakeland Village Holdings,Inc., Devoncourt Estates Inc. and others for PHP 2.9 billion.
APEX MINING CO., INC. 
