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Sale approved of Toronto’s GlobeStar to Australian Perilya
Dec. 08, 2010 04:37AM PST
Base Metals Investing
The Winnipeg Free Press.com reports that Globe Star Mining (TSE:GMI) has received approval from the Chinese government to be sold to Perilya Canada
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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