LISTED Apex Mining Co. Inc. (APX) on Wednesday signed a $108-million (P6.37 billion) omnibus loan and securities agreement (OLSA) with Philippine National Bank (PNB) and Bank of Commerce (BankCom).
"This term will convert existing short-term borrowings with Bank of Commerce into a long-term loan and will secure the fund for the remaining installments of the 100-percent share acquisition of Asia Alliance Mining Resources Corp. (AAMRC)," Apex Mining told the stock exchange.
