Basic Energy Corp. on Wednesday announced that it is conducting a due diligence study for the possible acquisition of a mining project located in Benguet Province.
In a disclosure to the Philippine Stock Exchange, Basic Energy also said that it will be engaging a consultant for its ethanol project in Zamboanga del Norte.
No other details were disclosed.
Last week the company said it will be seeking to increase its authorized capital stock from 2 billion shares to 10 billion shares.
Basic Energy said its board also approved to offer as much as 5.5 billion shares through its follow-on offering and deleting a special allocation for existing shareholders of the company. – GMANews.TV
Source: http://www.gmanetwork.com/news/story/78555/economy/companies/basic-energy-planning-to-buy-benguet-mine
LISTED Basic Energy Corp. is set to begin processing the necessary permits for its proposed solar power project in Bolinao, Pangasinan, after securing a certificate from the government. In a regulatory filing on Thursday, Basic Energy said the Department of Energy (DoE) granted the company a certificate of authority (CoA) for its proposed solar energy…
read moreBasic Energy Corporation announced that the Department of Energy (DOE) has granted the company a Certificate of Authority (COA) for its proposed Solar Energy Operating Contract (SEOC) application for the Bolinao, Pangasinan Solar Power Project. The COA, issued under the revised Omnibus Guidelines Governing the Award and Administration of Renewable Energy (RE) Contracts effective June…
read more
