Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Thursday, October 27, 2011: Inca Pacific Resources Inc. will be removed from the index. The shares of the company will be delisted from the TSX Venture Exchange having been acquired by Compania Mineral Milpo SAA.
Inca Pacific Resources Inc. jointly announce the completion of the acquisition by MILPO of all of the issued and outstanding common shares of Inca Pacific, effective today, by way of a statutory arrangement under the provisions of the Business Corporations Act (British Columbia). Shareholders of Inca Pacific will receive C$0.61 in cash for each [...]
Pacific Resources Inc. reports that the Government of Peru's Agency for the Promotion of Private Investment has awarded the Magistral Project to Compania Minera Milpo S.A.A., a large private Brazilian company. MILPO will have an option to develop and exploit the mining concessions comprising the core of the Magistral Project and is planning to [...]
Inca Pacific Resources Inc. reports that it has entered into a contract with BNB Valores Peru Solfin S.A., a Peruvian brokerage firm, to act as its new sponsor in accordance with the provisions of the venture capital regulations of the Lima Stock Exchange. BNB Valores Peru Solfin S.A. is a subsidiary of Banco Nacional de Bolivia S.A., one of the [...]
Inca Pacific Resources Inc. the reports that the Company's subsidiary, Minera Ancash Cobre S.A., officially filed its claim with the arbitration panel as part of the dispute with Activos Mineros S.A.C. over the Magistral Transfer Agreement. The Transfer Agreement governs the privatization terms for 5 of the 26 concessions controlled by MACSA that [...]
Inca Pacific Resources Inc. reports that the Government of Peru's Agency for the Promotion of Private Investment has run an advertisement in several newspapers in Peru calling for international bids for private investment in the development and exploitation of the mining concessions comprising the core of the Magistral Project. The Company is [...]
Inca Pacific Resources Inc. is pleased to provide an update on the Company's ongoing dispute with regards to the Magistral Project. Minera Ancash Cobre S.A., the Company's wholly-owned subsidiary in Peru, initiated the Magistral arbitration proceedings in response to the unjustifiable seizure by Activos Mineros S.A.C. of a US$3 million bond in [...]
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