CAPITAL MARKETS

ASIC clears AMC share sale

A COMPANY owned and controlled by directors of Australian Magnesium Corp, Magtrust, has finally taken a 19.9% stake in the failed magnesium hopeful from Newmont Mining after AMC agreed to drop any right to influence the future sale of the stake.

Greg Tubby
ASIC clears AMC share sale

Magtrust had planned to hold the shares under trust for AMC while it searched for a buyer that supported AMC’s objectives to develop a magnesium business. AMC’s directors, keen not to give the impression...

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