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AIC unveils $27M deal to become copper producer

AIC Mines has agreed to acquire the Eloise copper mine in Queensland from FMR Investments for A$27 million.

Kristie Batten
AIC unveils $27M deal to become copper producer

The company will pay $5 million in cash and issue $20 million in shares, which will give FMR a 28-30% stake in AIC and trigger a requirement for AIC to re-comply with ASX listing rules. It will also...

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