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Alcyone shaken by broken US deal

ALCYONE Resources has suspending mining and committed to a major restructuring effort following the breakdown of negotiations for the acquisition of the Red Arrow gold-silver mine in the US.

Justin Niessner
Alcyone shaken by broken US deal

The company confirmed today that talks regarding the proposed acquisition were unable to be completed, resulting in the termination of a $A25 million credit facility. This in turn pressured the company...

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