Trident buys Fe royalty

TRIDENT Resources has agreed to buy Fe Limited’s Evanston iron ore royalty, the ASX-listed junior’s main source of income, for A$7 million in cash as Trident aims to transform itself into a London-based metals royalty and streaming company.

Trident buys Fe royalty Trident buys Fe royalty Trident buys Fe royalty Trident buys Fe royalty Trident buys Fe royalty

Koolyanobbing.

FEL, which had just $580,000 cash at the start of the year, will gain an initial $4 million, following various shareholder and regulatory approvals, with the balance due on the first anniversary.
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