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Prime Meridian to acquire 55% interest in Indian proppant producer Hallmark Minerals

By Siobhan Lismore-Scott
Published: Thursday, 13 November 2014

The move to acquire Hallmark shows the Canadian junior's commitment to tackling the global proppant market. It also highlights the shale opportunities in India.

TSX-V listed Prime Meridian Resources Corp. is in the process of acquiring a 55% interest in a ceramic proppants producer in India, Hallmark Minerals Pvt Ltd.

Prime said the deal forms part of its strategic plan to build a globally integrated proppants company. 

The Canadian company has...

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