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Magnum up on Irongates deal

EXPLORER Magnum Mining and Exploration shares spiked by nearly 20% after it struck an option agreement to acquire iron ore company Irongates in a deal offering early sinter feed production and cash flows from the Emicon Mineracao Terraplenagem project in Brazil.

MiningNews.Net
Magnum up on Irongates deal

Global Trust and OCRA Trustees granted the option agreement to Magnum. Magnum said it had paid OCRA an option fee of $US200,000 ($A205,382) and had until January 14 next year to complete its due diligence...

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