Business News • MarketWire • Dacha Sells Additional 2,000 Kilograms of Europium Oxide in China |
Dacha Sells Additional 2,000 Kilograms of Europium Oxide in China |
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Dacha Sells Additional 2,000 Kilograms of Europium Oxide in China
TORONTO, ONTARIO--(Marketwire - March 29, 2011) - Dacha Strategic Metals Inc. ("Dacha" or the "Company") (TSX VENTURE:DSM)(OTCQX:DCHAF) announced today that it has sold an additional 2,000 kilograms ("kgs") of Europium Oxide from its domestic supply in Shanghai at a price of 4,000 Rmb per kg for gross proceeds of 8.0 million Rmb (approximately US$1.2 million). Based on the original purchase price of 2,870 Rmb per kg and a total gross purchase price of 5.8 million Rmb, the Company realized a pre-tax gain of 2.2 million Rmb (approximately US$0.3 million).
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