- With Bulawan Mining Corporation (BUMICO): a Deed of Assignment covering BUMICO’s rights, interests and obligations under its Operating Agreement with PHILEX, involving 62 mining claims in Negros Occidental, of which 6 are covered by a Mining Lease Contract and were subjected to mining operations by PHILEX from 1996-2002. This agreement covers part of the Bulawan Gold Mine that previously produced gold under PHILEX operations; and
- With PNB Management and Development Corporation (MADECOR): a Deed of Assignment covering MADECOR’s rights, interests and obligations under its Operating Agreement with PHILEX, involving 61 mining claims in Negros Occidental.
Under the aforesaid Deeds of Assignment, the Assignors’ rights, interests and obligations under their respective operating agreements with PHILEX are transferred to MacroAsia.
MacroAsia have just received notice in writing from PHILEX that it is in agreement with the foregoing assignment of rights to MacroAsia.
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