After receiving a new infusion of capital from its partner company in Taiwan. MMC has revised its Business Plan for 2008. MMC is expanding its Board of Directors, its staff, and operational activities to accelerate the development. MMC will issue 200 Million shares in a private placement in order to buy Gold Mines from Romania or Russia MMC CEO Mr. Fernando Juan said yesterday.
The purchase would make the listed firm’s reserve increase and shares price would be higher, following the completion of the shares listed in Europe Capital Market. MMC Europe Office will be officially open on 1st of February 2008 Mr. Basil Costin will be in charge MMC Europe Operation.
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