Merdeka Copper Gold (MDKA) Rights Issue, EGMS 27 January 2022

The condition of the Tumpang Pitu Banyuwangi forest which is a gold mining concession area by PT Bumi Suksesindo which is a subsidiary of PT Merdeka Copper Gold Tbk (MDKA). JIBI – Business / Peni Widarti , JAKARTA Mining issuer PT Merdeka Copper Gold Tbk. (MDKA) is ready to hold an Extraordinary General Meeting of Shareholders (EGMS), with one of the agenda items being the approval of a rights issue . Also Read: Prospects of Gold Prices, Provident Tweaks Business with MDKA & PSAB The EGMS which will be held in Jakarta on Thursday, January 27, 2022, has an agenda for approval of plans to increase the company’s capital by granting pre-emptive rights (HMETD) to company shareholders through the mechanism of Limited Public Offering II (PUT II) or rights issue .

“The company plans to increase its capital by providing Pre-emptive Rights to the company’s shareholders in the amount of a maximum of 1,206,000,000 shares,” MDKA management wrote in an information disclosure, Thursday (6/1/2022). In addition, MDKA also plans to reshuffle the company’s board of directors and commissioners, in line with the resignation of Heri Sunaryadi from his position as Commissioner of the Company and the resignation of Michael WP Soeryadjaya as Director of the Company. “The EGMS will also appoint new members of the company’s board of commissioners and directors,” he continued.

Recently, MDKA’s management announced the acquisition of PT Andalan Bersama Investama (ABI) shares worth Rp1.14 trillion. ABI is an affiliate of one of the company’s controllers, namely PT Provident Capital Indonesia. Currently, ABI is in the process of acquiring PT Gorontalo Sejahtera Mining (GSM) shares from its subsidiary PT J Resources Asia Pacific Tbk. (PSAB). Based on data compiled by Bisnis , GSM is the holder of a gold mining contract of work covering an area of ​​14,570 hectares which is divided into three separate blocks, namely the Pani Block in Gorontalo Province, the Bolangitang Block in North Sulawesi Province, and the Bulagidun Block in Central Sulawesi Province.