Australia’s Newcrest Mining Announces Equity Investment in Vancouver’s Almadex Minerals

Newcrest International Pty Ltd. (NIPL), a wholly-owned subsidiary of Melbourne, Australia-headquartered Newcrest Mining Limited, has formally announced that it has entered into a subscription agreement with Vancouver, B.C.-based Almadex Minerals Limited to purchase 19.9% of the issued and outstanding common shares for an aggregate subscription price of C$19,074,425. Following the satisfaction of certain conditions, on April 11, 2018, NIPL placed the subscription price into escrow. The deal is expected to close on or about May 28, 2018.

Use 'AND' or 'OR' to refine your search.

Use quotes " " to get exact matches or remove them to get more results.