CAPITAL MARKETS

Cortona claims Moly's gold

SHAREHOLDERS have given the nod to Cortona Resources to snap up Moly Mines' gold assets in New South Wales, which include a 310,000-ounce inferred resource at the Majors Creek project that remains open at depth and along strike.

Rebecca Lawson

Cortona will pay Moly in two stages, the first consisting of $5 million cash and 12 million shares and 8 million unlisted options with an exercise price of 35c apiece. Cortona will make a royalty payment...

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