16
Jul
04:23
Clara sells First Tin stake to fund Ashford
Australian miner Clara Resources has sold its stake in LSE-listed First Tin to fund its Ashford coking coal project acquisition, Kallanish notes.
Clara Resources says in a statement that the stake has been sold via an Institutional Bookbuild conducted by UK-based Arlington Group at GBP 0.04 ($0.05) per share, to raise net proceeds of about AUD 4.3 million ($2.9m).
Proceeds from this sale are to be applied towards the Ashford acquisition, dischar…
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Very good overview of the weekly steel market.
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