APS to be used as vehicle to acquire mines

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…