Mindoro is pleased to announce that its 56% owned investment ASX listed Red Mountain Mining has disclosed high-grade gold results from two areas on its 100% interest Batangas project, south of Manila in the Philippines: i. At Lobo Project, channel sampling of outcrop and trenches at 1m intervals, in areas previously "bulk" sampled by Mindoro [...]
Mindoro, is pleased to announce that Red Mountain Mining Ltd (RMX) today received approval from its shareholders to proceed with the Share Sale Agreement with Mindoro dated 23 July, 2012, pursuant to which RMX has agreed to issue 100 million RMX shares and 50 million RMX Performance Shares to Mindoro as consideration for the sale of its 100 [...]
Mindoro Resources has signed a binding Share Sale Agreement with Red Mountain Mining Ltd. for the sale of Mindoro's Batangas and Tapian San Francisco gold and copper-gold assets in the Philippines, payment for which is the issue of shares in Red Mountain Mining. Further to our previous announcement on 25 June 2012:
Mindoro wishes to update shareholders on the progress of the proposed acquisition of Mindoro's Batangas and Tapian San Francisco gold and copper-gold assets in the Philippines through the issue of shares by Red Mountain Mining Ltd - Both the Mindoro and RMX due diligence processes are proceeding smoothly and are expected to be completed on or [...]
