Asia-Pacific Strategic Investments (APS), the provider of funeral services, is planning a reverse takeover (RTO) of Couer Gold Armenia which will see a major shift in its business focus to mining.
APS said it plans to buy mining rights to gold, silver, antimony and copper in two locations in Armenia with cash and the allotment and issuance of new shares to George Richmond to acquire the entire stake in Couer Gold Armenia, which owns the companies that owns those rights.
Meanwhile, it will also place shares to China Global Energy and Resources (CGER) to raise funds of $200 million.
Thursday, September 5, 2013
Asia-Pacific Strategic Investments plans RTO of mining company
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