Middle Island buys chunk of Alto

MIDDLE Island Resources has acquired 10% of its Sandstone neighbour Alto Metals.

Middle Island buys chunk of Alto Middle Island buys chunk of Alto Middle Island buys chunk of Alto Middle Island buys chunk of Alto Middle Island buys chunk of Alto

Middle Island's Sandstone plant

The company said the stake was purchased on-market at A9.5c per share.

It comes Middle Island tried to acquire Alto in a scrip bid valuing Alto at about 4.8c per share last year.

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