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Allmine acquires engineering company

NEWLY listed mining services company Allmine Group has entered into a binding terms sheet to acquire engineering and construction company Arccon in an all-scrip deal worth up to $A22.8 million.

Kristie Batten
Allmine acquires engineering company

The acquisition will take place in two tranches with the first comprising $15 million worth of Allmine shares at 20c per share. The second tranche is a performance and loyalty payment which will be...

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