Thursday 15 January 2015

Otmane El Rhazi : Snow Peak acquisition transforms Consolidated Tin into producer

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.



ASX-listed Consolidated Tin has transitioned from explorer to producer after shareholders this week approved the acquisition of the Snow Peak Mining assets. In July, Consolidated Tin entered into a memorandum of understanding with Snow Peak Mining to acquire that company’s assets in exchange for 600-million fully paid shares and a A$16.5-million convertible note to Snow Peak Mining.

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