CAPITAL MARKETS

Bora jumps on graphite acquisition

SHARES in Bora Bora Resources jumped more than 18% this morning after news of the company's move to acquire an interest in RS Mines and its Queens graphite operation in Sri Lanka.

Andrew Duffy
Bora jumps on graphite acquisition

Bora has entered a binding heads of agreement to acquire up to 50% in RS, with a first right of refusal over the remaining 50%. Under the agreement it has paid a $A100,000 deposit to conduct due diligence...

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