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Chinese firm pledges Allegiance to Avebury

ALLEGIANCE Mining and China’s largest nickel producer, Jinchuan Group, have been brought closer together via a share placement that will raise nearly $4 million to go towards the former company’s Avebury nickel mine in Tasmania.

MiningNews.Net
Chinese firm pledges Allegiance to Avebury

In a move that Allegiance says will "further cement" their close relationship, Allegiance has agreed to issue 7.5 million fully paid ordinary shares to Jinchuan at 53c each, a 6c discount from Allegiance's...

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