26
Jun
12:10
Malaysian iron ore miner completes Singapore listing
Malaysia’s Southern Alliance Mining (SAM) successfully listed its shares on the Catalist market of the Singapore Exchange (SGX). It intends to use funds raised to explore new iron ore deposits, Kallanish notes.
SAM’s shares were offered on 26 June at SGD 0.25 ($0.18) per share. The company raised gross proceeds of SGD 19 million. This will be used to explore extensions to its existing Chaah mine and to begin exploration at three new potential sites in …
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