Prime Meridian enters global market with ceramics proppants buy

By Kasia Patel
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

TSX-V listed 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...

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