APS to be used as vehicle to acquire mines
Company says it is now conducting due diligence exercise on reverse takeover
ASIA-PACIFIC Strategic Investments (APS), which is turning from a funeral-services provider into an Armenian gold miner through a reverse takeover, will be used as a vehicle to acquire more mines, said one of its future major shareholders, George Richmond.
He told reporters over the phone in a briefing yesterday: "We intend to use the listco for further acquisitions of gold and silver mines in Armenia and expand in other parts of the world."
The firm will also tap the capi…
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