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                    [Title] => Atlas settles P280M worth of liabilities with Toledo City
                    [Summary] => As a necessary step in the reopening of its mining projects, Atlas Consolidated Mining and Development Corp. has settled its P280-million worth of real property back taxes with the Toledo City government in a P100-million compromise agreement.


P10 million was paid in cash, the rest was in kind like shares of stock.  The initial payment of P5 million was given last December 2004 upon the signing of the agreement.


                    [DatePublished] => 2006-05-24 00:00:00
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ATLAS EXECUTIVE VICE PRESIDENT AND CHIEF FINANCE OFFICER MARTIN BUCKINGHAM

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                    [Title] => Atlas settles P280M worth of liabilities with Toledo City
                    [Summary] => As a necessary step in the reopening of its mining projects, Atlas Consolidated Mining and Development Corp. has settled its P280-million worth of real property back taxes with the Toledo City government in a P100-million compromise agreement.


P10 million was paid in cash, the rest was in kind like shares of stock.  The initial payment of P5 million was given last December 2004 upon the signing of the agreement.


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Atlas settles P280M worth of liabilities with Toledo City

May 24, 2006 - 12:00am

As a necessary step in the reopening of its mining projects, Atlas Consolidated Mining and Development Corp. has settled its P280-million worth of real property back taxes with the Toledo City government in a P100-million...

Cebu News