International Famous Molybdenum Company Sells Shares to Chinese Metals Refiner
- Details
- Category: Molybdenum's News
- Published on 16 September 2015
- Written by yiping
- Hits: 322
A U.S.based molybdenum mining company has announced an investment and security purchase agreement with AMER International Group, a Chinese-based downstream metals refining provider.
Under the terms of the agreement AMER has entered into a private placement for 40 million common shares of this molybdenum mining company and AMER and the company will enter into a stockholder agreement allowing AMER to nominate directors, and also relating to AMER's acquisition and transfer of the company shares.
AMER has also agreed to work with the company to procure and support a senior secured term loan of approximately US$700 million from a major Chinese bank or banks for development of its Mt. Hope molybdenum mine.
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