Business > Corporate News
Apex Mining inks P6.4-B loan deal

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.

Register to read this story and more for free.

Signing up for an account helps us improve your browsing experience.

Continue

OR

See our subscription options.

Already have an account? Log in here