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IS to merge with mining firm?

23 Jan

BY F. YAP SECURITIES / 2TRADEASIA

Unnamed sources claimed Island Information & Technology (IS) is conducting due diligence on mining firm, JVDC Resources, for a possible entry into a merger, consolidation, mutual purchase or exchange of shares.

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IS is set to discuss the details of the financial arrangements with shareholders next week.

JVDC owns a Mineral Production Sharing Agreement (MPSA) on a 13, 240ha mine site in Cagayan.

No official confirmation has been given by IS on this matter.

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Posted by on January 23, 2015 in Corporate News, IS, Stock Market

 

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