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Brazilian acquisition boosts RIMCapital

SHARES in RIMCapital almost doubled yesterday and were up again today after the Sydney-based investment company emerged from a trading halt following news of its acquisition of Brazil-focused explorer Cabral Resources and a placement to raise up to $A40 million.

Kristie Batten
Brazilian acquisition boosts RIMCapital

Unlisted Perth-based company Cabral has an option over nine tenements in Bahia, prospective for magnetite with an exploration target of 331-644 million tonnes. Cabral can exercise the option before...

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