PEM perilya limited
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News: Perilya completes acquisition of GlobeStar

  1. FNN News
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    14/01/11
    10:18
    Post #: 7734080
    .

    Perilya Ltd (ASX:PEM) has announced its Canadian arm has completed the compulsory acquisition of GlobeStar Mining at a price of C$1.65 per share.

    Perilya has made an application to the Toronto Stock Exchange for the delisting of Globestar.

    The base and precious metals explorer is currently reviewing options for the development of the Mount Oxide copper and cobalt project in the Mt Isa region of Queensland.

    Perilya reported a half yearly profit of $18.5 million to June 30, 2010.


    PEM Price at posting: 56.2¢ Sentiment: None Disclosure: Held
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