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AusQuest shareholders approve placement, alliance

SHAREHOLDERS of Australia-listed explorer AusQuest have given the thumbs up to a $A26 million placement and strategic alliance with American company Cliffs Natural Resources at the company’s annual general meeting.

MiningNews.Net
AusQuest shareholders approve placement, alliance

The Perth-based company said Cliffs will now subscribe for 68.3 million AusQuest shares at 40c each and a further 26.5 million options with an exercise price of 40c each. The share and option placement...

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