M&A

Royalty issues throw Aztec financing into turmoil

MOUNT Gibson Iron has extended the closing date for its bid for fellow iron ore up-and-comer Aztec Resources, as the company digests revelations that have thrown the financing plans for Aztec's Koolan Island projeect into jeopardy.

MiningNews.Net
Royalty issues throw Aztec financing into turmoil

Aztec announced late yesterday that the banking syndicate behind the $100 million debt facility for development of Koolan Island would not let the facility go ahead unless royalty and clawback rights over...

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