CAPITAL MARKETS

Ivernia tidies up Magellan

TORONTO based explorer Ivernia will move to outright ownership of the Magellan lead mine in Western Australia, acquiring Sentient Global Resources Fund’s 49% stake in a deal valued at C$100 million.

Rebecca Keenan
Ivernia tidies up Magellan

The purchase price is comprised of $C55 million cash and 16.63 million Ivernia shares, along with either an additional $C12.5 million in cash or a further 6.88 million shares. Ivernia began commissioning...

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