Monday 1 December 2014

Otmane El Rhazi : Assore to subscribe for up to 30.3% in IronRidge

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.



JSE-listed mining holding company Assore would subscribe for 70.83-million shares in Australia-based explorer IronRidge Resources for £6.98-million. Depending on the amount of equity raised by IronRidge upon listing on the Aim in January, this would result in Assore holding between 26.7% and 30.3% of IronRidge.

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