CAPITAL MARKETS

Stonewall surges on potential sale

JUNIOR gold miner Stonewall Resources saw shares skyrocket more than 60% today after it announced a conditional agreement to sell off subsidiary Stonewall Mining to Shandong Qixing Iron Tower for as much as $US140 million ($A137.4 million).

Hannah Vickers
Stonewall surges on potential sale

Shandong said it was prepared to pay an indicative price of $140 million or more for Stonewall Mining, with final pricing dependant on a number of matters, including the completion of valuation scenarios,...

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