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APS to be used as vehicle to acquire mines

Company says it is now conducting due diligence exercise on reverse takeover

Mr Richmond: 'We intend to use the listco for further acquisitions of gold and silver mines in Armenia and expand in other parts of the world.'

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...

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