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IS eyes merger with local mining firm

05 Jan

BY F. YAP SECURITIES / 2TRADEASIA

Island Information (IS) is holding due diligence of JDVC Resources (JDVC) to assess feasibility of entering into a merger, consolidation, mutual purchase/exchange of shares, or any form of business combination.

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JDVC is a firm engaged in mining & holds a Mineral Production Sharing Agreement (MPSA) for 7 offshore areas in Cagayan, with total area of 13,240ha., namely: Sanchez Mira, Pamplona, Abulug, Ballesteros, Aparri, Buguey, & Gonzaga.

IS also confirmed looking for a financial adviser for the due diligence.

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Posted by on January 5, 2015 in Corporate News, IS, Stock Market

 

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