23
Sep
15:31
NICKEL: Wyloo Metals moves to boost its ownership in Noront Resources
Australia-based Wyloo Metals is increasing its ownership in Noront Resources as the fight for control of the small Canadian nickel miner continues, Kallanish reports.
Australian mining magnate Andrew Forrest and Wyloo Metals officially asked the Canadian company to swap Wyloo’s $15 million convertible loan for common shares of Noront, effective 30 September. The move will increase Wyloo’s equity ownership from 24.2% to 37.3%, according to a Wednesday s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous