Prime Meridian enters global market with ceramics proppants buy
Published: Tuesday, 25 November 2014
The Canadian junior hopes to gain a strategic foothold in the region through the majority acquisition and expansion of Indian ceramics proppants producer, Hallmark.
Kasia Patel, Deputy Editor
Prime Meridian Resources Corp. is in the process of
acquiring a majority interest in a ceramic proppants producer
in India, Hallmark Minerals Pvt Ltd.
The Canadian company signed two binding letters of intent
(LOI) with Hallmark, which is located 200km southeast of Mumbai
in Pune. It has its...