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
BASIC ENERGY CORPORATION, a listed company focusing on renewable energy (RE) and alternative fuels, aims to develop 500 megawatts (MW) of wind and 500 MW of solar energy projects by 2030, according to its chief executive officer (CEO). “In the next five years, [we aim] to build a portfolio of around 500 megawatts in wind…
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