M&A

Passmore, ACMI reload Carbine with iron ore

CARBINE Resources has emerged from nearly two years of obscurity with a deal to buy iron ore ground on Cockatoo Island and launch a fundraising of A$3.2 million primarily backed by resource sector investor ACMI.

While it is extremely early days, Carbine would ultimately like to develop an iron ore operation on Cockatoo Island

While it is extremely early days, Carbine would ultimately like to develop an iron ore operation on Cockatoo Island

Carbine is acquiring the ground for 291 million shares meaning the vendors will hold nearly 50% of the restructured, recapitalised company after the fundraising. Becoming Carbine directors as part of...

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