Looking good with possible merger coming up with Ranger?
HOMEX - Perth
+++++++++++++++++++++++++ Perilya Limited ("Perilya") is pleased to advise that it has today successfully completed the acquisition of the Broken Hill lead-zinc-silver mine front Pasminco Limited (Administrators Appointed) ("Pasminco").
Perilya has brought forward the three month and six month stage payments to Pasminco, each of $5 million. All fixed payments due under the Sale & Purchase Agreement amounting to $35 million have now been made.
Pasminco will today make the entire workforce redundant and hand over the mine to Perilya. Perilya will over the next few weeks complete a repair and maintenance programme, workforce recruitment and safety training induction programme, prior to commencing mine production in late June.
T M Cliffon MANAGING DIRECTOR
PEM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
