CAPITAL MARKETS

Chinese jump into PNG with MIL

JUNIOR explorer MIL Resources has signed a memorandum of understanding with Sinotech Minerals Exploration Co for a funding deal and farm-in agreement over MIL’s Titan Metals package of exploration licenses in Papua New Guinea.

Kristie Batten
Chinese jump into PNG with MIL

Under the terms of the MoU, Beijing-based Sinotech will take a 30% stake in MIL through the purchase of $A5 million worth of shares priced at 3.4c per share, with an attached 1 for 2 option. Sinotech...

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