Bluebird Merchant Ventures Limited (LON: BMV) has released an update on joint venture and funding.
- The company stated that as the Manager of the Joint Venture, under the terms of the Joint Venture Agreement, it formally presented the Redevelopment Proposal and associated budget to Southern Gold at the Joint Venture Board meeting, held last Thursday in Singapore.
- Southern Gold has been considered to offer to sell its Joint Venture Interest to the company.
- It was further reported that Southern Gold declined to approve the development of the two South Korean projects at this time.
- On 3August 2020, at the time of writing, GMT 09:28 AM, BMV shares were trading at GBX 3.45, down by 0.50 points or 12.66% against the previous day closing price.