CAPITAL MARKETS

Atlas moves to second stage of FerrAus deal

FERRAUS shareholders have approved the subscription agreement and acquisition of Pilbara assets from Atlas Iron, allowing Atlas to proceed with a takeover for the iron ore junior.

Kristie Batten
Atlas moves to second stage of FerrAus deal

At a general meeting held in Sydney this morning, FerrAus shareholders approved the issue of 37.4 million A65c shares to Atlas to raise $24.3 million, as well the purchase of Atlas’ southeast Pilbara assets...

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