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Trans-Asia Oil and Energy Development Corporation announced on June 25, 2012 that the company and its wholly - owned subsidiary, Trans-Asia Gold and Minerals Development Corporation, ("Trans-Asia Gold") entered into a Termination Agreement terminating their Operating Agreement dated February 4, 2008.
Under said Termination Agreement, Trans-Asia Gold relinquished its right to explore, develop and operate the area covered by Trans-Asia's Mineral Production Sharing Agreement denominated as MPSA No. 252-2007-V in Jose Panganiban, Camarines Norte, in exchange for certain compensation. Trans-Asia had earlier assigned said MPSA to a third party, subject to certain terms and conditions including approval by the Department of Environment and Natural Resources. - https://www.affordablecebu.com/
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If you want to use this article or any of the content of this website, please credit our website (www.affordablecebu.com) and mention the source link (URL) of the content, images, videos or other media of our website.  "Trans-Asia Oil and Energy Development Corp. and Trans-Asia Gold and Minerals Developmnet Corp. executes termination agreement for MPSA" was written by Mary under the Business category. It has been read 2116 times and generated 0 comments. The article was created on 26 June 2012 and updated on 26 June 2012. |
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