CAPITAL MARKETS

Red River picks up Kagara assets

SHARES in Red River Resources nearly doubled today after the company announced a $A6.5 million deal to acquire assets from the administrators of collapsed copper miner Kagara.

Kristie Batten
Red River picks up Kagara assets

Subject to shareholder approval, Red River will have a one-month exclusivity period for a fee of $130,000 over the assets. If the acquisition moves ahead, Red River will pay $3.5 million in cash and...

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