RESORTS operator Premier Horizon Alliance Corp. plans to invest up to P500 million in two companies that are holders of Mineral Production Sharing Agreements (MPSAs) covering some 10,384 hectares in Southern Palawan that contain probable limestone deposits.
Premiere Horizon told the Philippine Stock Exchange on Tuesday that its board of directors had approved the equity investment in Palawan Star Mining Ventures, Inc. and Pyramid Hill Mining Industrial Corp. of up to 85 percent of their respective and expanded shareholders equity.
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