CAPITAL MARKETS

MIM increases Indophil holding

INDOPHIL Resources has placed 2 million shares with MIM Holdings and raised $500,000 as part of an option agreement relating to the Tampakan copper-gold project in the Philippines.

Michael Quinn

MIM increases Indophil holding

The placement price of 25 cents was reached as part of the original agreement struck with MIM in September 2000 and contrasts with recent trading in Indophil shares at around 17-18 cents. Under the deal,...

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