SEC gives Apex Mining, Teresa Crew Gold merger the greenlight

The Securities and Exchange Commission has approved the merger of listed Apex Mining Co. Inc. and affiliate Teresa Crew Gold Philippines Inc.   Apex told the Philippine Stock Exchange on Wednesday that the merger would become effective on Jan. 1, 2012.   Apex earlier said the purpose of the merger is to improve efficiencies and profitability.   The merger involves a series of share swap deals among company stakeholders, including Mapula Creek Gold Corp. and Mindanao Gold Ltd.   All interests, assets and properties of Teresa Crew would be transferred to Apex, which would also assume all debts and liabilities of Teresa Crew. — CMA/VS, GMA News