February 15, 2017 / 3:29 AM / 6 months ago

BRIEF-Omico Corp clarifies on news saying DENR cancelled 75 mining contracts

Feb 15 (Reuters) - Omico Corp:

* Refers to news article titled "DENR cancels 75 mineral production sharing agreement contracts" posted in Manila Bulletin on Feb. 14

* Omico's operating agreement with Macawiwili Gold Mining and Development Co has already been terminated

* Co still maintains 3 percent interest in Macawiwili Gold Mining and Development Company valued at 50 million pesos

* Cancellation of MPSA of Macawiwili will affect Omico to the extent of 3 pct stake Source text for Eikon: Further company coverage:

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