Further Acquistion and Investment Opportunities12 Jun 2019 07:16
Frank McAllister, Chairman said:
"I congratulate the Pembridge management team who have persevered throughout the past 12 months to complete the Transaction. It was vital to ensure that the Company achieved favourable deal terms rather than pursuing a deal at any cost regardless of the time it may take to complete.
The opportunity offered by Minto aligns with our goal of acquiring a producing or near production mining operation, to which we can add value. While we very much see Minto as a cornerstone asset, the Pembridge management team and board of directors continue to evaluate further acquisition and investment opportunities, consistent with our strategy to build Pembridge into a mid-tier mining company."