{"id":141469,"date":"2017-12-22T23:08:50","date_gmt":"2017-12-23T04:08:50","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=141469"},"modified":"2017-12-22T23:09:11","modified_gmt":"2017-12-23T04:09:11","slug":"marcventures-acquires-18-87-stake-in-subsidiary-mmdc","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/12\/22\/marcventures-acquires-18-87-stake-in-subsidiary-mmdc\/","title":{"rendered":"Marcventures acquires 18.87% stake in subsidiary MMDC"},"content":{"rendered":"<figure id=\"attachment_141470\" aria-describedby=\"caption-attachment-141470\" style=\"width: 960px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/12\/17342946_1252507834836706_4711917561699447122_n.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-141470\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/12\/17342946_1252507834836706_4711917561699447122_n.jpg\" alt=\"Marcventures\u2019 Carrascal-Cantilan Project in Surigao del Sur (Photo: Marcventures Mining and Development Corporation)\" width=\"960\" height=\"540\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/12\/17342946_1252507834836706_4711917561699447122_n.jpg 960w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/12\/17342946_1252507834836706_4711917561699447122_n-300x169.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/12\/17342946_1252507834836706_4711917561699447122_n-768x432.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/a><figcaption id=\"caption-attachment-141470\" class=\"wp-caption-text\">Marcventures\u2019 Carrascal-Cantilan Project in Surigao del Sur (<a href=\"https:\/\/www.facebook.com\/MarcventuresMiningAndDevtCorporation\/photos\/a.1219515461469277.1073741828.1218911098196380\/1252507834836706\/?type=3&amp;theater\">Photo<\/a>: <a href=\"https:\/\/www.facebook.com\/MarcventuresMiningAndDevtCorporation\">Marcventures Mining and Development Corporation\/Facebook<\/a>)<\/figcaption><\/figure>\n<p>MANILA &#8212; Listed holding company Marcventures Holdings Inc. (MHI) has acquired five million shares of its wholly-owned subsidiary mine company for PHP50 million, in a bid to improve infrastructure and facilities needed to raise production volume.<\/p>\n<p>MHI told the local bourse it subscribed shares of Marcventures Mining &amp; Development Corp. (MMDC) at PHP10 apiece.<\/p>\n<p>It said the five million shares comprise 18.87 percent of the total outstanding shares of MMDC.<br \/>\nMHI acquired the shares in cash upon execution of the subscription agreement.<\/p>\n<p>MHI, through subsidiary MMDC, holds a mineral production sharing agreement covering an area of 4,799 hectares located in Cantilan, Surigao del Sur.<\/p>\n<p>MMDC&#8217;s main product is nickel ore, with China as its current principal market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA &#8212; Listed holding company Marcventures Holdings Inc. (MHI) has acquired five million shares of its wholly-owned subsidiary mine company &hellip;<\/p>\n","protected":false},"author":33,"featured_media":141470,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[40148,420,40146,40147,4759],"class_list":["post-141469","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-cantilan","tag-china","tag-marcventures-holdings-inc","tag-marcventures-mining-development-corp","tag-surigao-del-sur","mauthors-leslie-gatpolintan","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/141469","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=141469"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/141469\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/141470"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=141469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=141469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=141469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}