Welborn buys Fenix shares and becomes chairman of iron ore miner

JOHN Welborn is to invest A$2.3 million and become non-executive chairman of high-grade iron ore producer Fenix Resources.

 Welborn buys Fenix shares and becomes chairman of iron ore miner  Welborn buys Fenix shares and becomes chairman of iron ore miner  Welborn buys Fenix shares and becomes chairman of iron ore miner  Welborn buys Fenix shares and becomes chairman of iron ore miner  Welborn buys Fenix shares and becomes chairman of iron ore miner

John Welborn

Welborn is paying 23c per share.

Interim chairman Warwick Davies and director Richard Nicholls-Maltman have resigned, while Rob Brierley remains the company's managing director.

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