LONDON (Thomson Financial) - Natasa Mining Limited., formerly Investika
Ltd., said it has completed the sale of Philippine nickel assets to European
Nickel Plc.
In May, European Nickel announced it had bought a 19.3 percent interest in
Toledo Mining Corp for $22.2 million, and an 18.7 percent direct interest in
Berong Nickel Corp. for $24.4 million from Investika.
On June 3, Toledo said the entry of new major shareholder European Nickel
will assist the company to commercially develop its nickel resource in the
Philippines.
TFN.newsdesk@thomson.com
kkb/ak
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|