Manganese tech company to backdoor into shell

AFTER almost three years in suspension, and with one failed reverse takeover in its rear view mirror, former biofuels hopeful Mission NewEnergy has offered up its shell for the backdoor listing of manganese sulphate concern Pilbara Metals Group with a planned A$4.6-6 million raising to advance a bankable feasibility study.

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PMG aims to upgrade stockpiles.

Mission has entered into a heads of agreement for the acquisition of PMG and its battery chemical business for 99 million shares, boosting paper in the market to a maximum of 350 million shares.

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