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Sterling & Minco Silver report proposed business combination
Jul. 23, 2008 08:43AM PST
Resource Investing News Sterling Mining and Minco Silver Corporation report that they have signed a letter of agreement whereby Minco Silver will acquire 100% of the issued and outstanding shares of Sterling. The transaction will result in Minco Silver controlling two world class silver deposits including the Fuwan Silver property in China and the Sunshine Mine in Idaho, USA. …
Sterling Mining and Minco Silver Corporation report that they have signed a letter of agreement whereby Minco Silver will acquire 100% of the issued and outstanding shares of Sterling.
The transaction will result in Minco Silver controlling two world class silver deposits including the Fuwan Silver property in China and the Sunshine Mine in Idaho, USA.
According to the Company:
A management committee has been established to supervise the day-to-day operations of Sterling during the transaction period. It is comprised of seven members, four from Minco Silver and three from Sterling.
For full details of this press release, click this link. Silver Investing News researchers discovered Sterling Mining’s project described on their website and Minco Silver’s project on their website. Follow developments in silver mining and exploration for free. Sign on to the Silver Investing Newsletter.