Toronto-quoted Chinese mining company is being bought by the Shandong-based mining company, Shanjin Mining Corporation. Under the terms of the agreement the Barbados-based subsidiary of the TSX-quoted company is to sell its shares in the Chinese operating subsidiary to Shanjin Mining.
The agreement will take effect upon the regulatory approval of authorities in the Inner Mongolia Autonomous Region and Shandong Province of China.
Arehada is engaged in the exploration, development, extraction and refining of base metals, primarily lead, zinc and silver in Inner Mongolia.
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