CAPITAL MARKETS

MetalsEx cools on Reliance

METALS Exploration has sold the bulk of its stake in Reliance Mining, seemingly clearing the way for Consolidated Minerals to takeover the junior nickel miner.

Michael Quinn
MetalsEx cools on Reliance

MetalsEx sold 5.4 million shares for 61c per share (on market), after last month acquiring 7.8 million shares at an average cost of around 47c/share. Early in January ConsMin made a $76 million takeover...

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