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| Home : Rae-Wallace Announces Sale of Its Wholly Owned Subsidiary |
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Apr 16
2013 |
Rae-Wallace Announces Sale of Its Wholly Owned Subsidiary |
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TORONTO, ONTARIO--(Marketwired - April 15, 2013) - Rae-Wallace Mining Company ("Rae-Wallace" or the "Corporation") (PINKSHEETS:RAEW) announces that it has completed the sale of its wholly owned subsidiary, Rae Wallace Peru S.A.C. (the "Rae Peru"). The subsidiary was sold to a private company for the purchase price of USD$700,000. The proceeds from the sale of Rae Peru will be used to settle outstanding debts of the Company with the balance retained for future opportunities. |
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| Source:http://www.marketwire.com/mw/release.do?id=1779026&sourceType=3 |
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