Earnings, Financial And Business Service, Company Information, Business

By The Associated Press

Monday, August 31, 2009

Get the latest product design news and headlines - Sign up now!

[-] Text [+]

Read/Post Comments

MARKHAM, Ont. — China Nonferrous Metals Exploration Corp. said Monday that it has bought a 14.95 per cent stake in Murgor Resources Inc. (TSXV:MGR).

CNME said it bought 8.1 million shares of Murgor Resources for 10 cents per share in a private placement.

The common shares were acquired by CNME for investment purposes, the company said.

CNME is a Canadian company majority-owned by Chinese shareholders, including Beijing Donia Resources Co.

Murgor Resources is earning a 100 per cent interest in three deposits, adjacent to the Snow Lake and Flin Flon mining districts of Manitoba, from HudBay Minerals Inc.

Click here to follow PD&D on Twitter

ALSO ON PD&D

RELATED TOPICS

Bankruptcy judge backs Grupo Mexico bid for Asarco 8/31/2009

China Nonferrous Metals Exploration buys stake in Murgor Resources 8/31/2009

MGM Mirage takes brands to abroad as franchisor 8/31/2009

Government-wide review ordered after Ont. minister cleans house at lottery agency 8/31/2009

AIG agrees to arbitrate disputes with Greenberg 8/31/2009

HUDBAY MINERALS |

Murgor Resources

JOIN THE DISCUSSION
Rate Article:

Average 0 out of 5

0 Comments

Add Comment

Text Only 2000 character limit

Page 1 of 1

At Issue

FIRST Update from Team 71, Team Hammond: And so it Begins…
Randy Weber of Team Hammond

Risky Business: Funding Medical Device Innovation
Rahul Sathe, Principal Mechanical Engineer, Surgical and Interventional Products, Cambridge Consultants

Extracting Nuggets from the Invention Mine
Tom Tuytschaevers, a member of our Patent Practice Group

More At Issue

Site Sponsors

Videos & Webcasts

The Energy Miser Concept Home 2/8/2012
Lower energy bills while making the house more comfortable, quieter, and safer? Who cares when you're demonstrating a completely Apple-based home control and automation system. Continue

Inside the Audi A7 2/8/2012
When you take a look at the GPS system, you see real-time Google Earth 3D image navigation rather than cartoon-colored maps. It also powers the night vision system which includes a thermal camera to help detect pedestrians. Continue

Engineering Mind Challenge Solved 2/8/2012
Dan and Vince find the solution to last week’s question "will the fan blade hit me if I try to stick my head between the spinning blades?" Continue