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...