Sale approved of Toronto’s GlobeStar to Australian Perilya

The Winnipeg Free Press.com reports that Globe Star Mining (TSX:GMI) has received approval from the Chinese government to be sold to Perilya Canada.

The story is quoted as saying:

Perilya Canada Ltd., a subsidiary of Australia’s Perilya, signed a deal with the Canadian mining and exploration company in October that offers $1.65 per common share in cash at $221 million.

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