Brief: Minco Silver Purchases Stake In Sichuan Hexie Shuangma Cement Company

Minco Silver

20/10/2022 01:16

Oct 19 (Reuters) - Minco Silver Corp  MSV.TO :
    * MINCO SILVER PURCHASES STAKE IN SICHUAN HEXIE SHUANGMA
CEMENT
COMPANY
    * SAIKEHUAN LPS PRIMARY ASSET IS AN APPROXIMATELY 25% STAKE
IN
HEXIE
    * MINCO SILVER-THROUGH WHOLLY OWNED UNIT, MINCO MINING WILL
ACQUIRE INTEREST SAIKEHUAN LP FROM HUAXIN FOR RMB 119,762,699
(CAD$23.04 MILLION) IN CASH
    * MINCO CHINA HAS ALSO ENTERED INTO A RESTRUCTURING AND
DISTRIBUTION AGREEMENT WITH SAIKEHUAN LP
    * STAKE IN SAIKEHUAN LP GIVES IT AN INDIRECT INTEREST IN
ABOUT 7.5
MILLION SHARES OF HEXIE OR 0.98% OF HEXIE'S TOTAL OUTSTANDING
SHARES

Source text for Eikon:  ID:nCNW3P8h6a 
Further company coverage:  MSV.TO 
 (Reporting by Rahat Sandhu)
 ((Rahat.Sandhu@thomsonreuters.com;))