EXPLORATION & DEVELOPMENT

Rio take more shares in Ashton

RIO Tinto’s stake in advanced Canadian diamond explorer Ashton Mining of Canada has been slightly diluted by it subscribing for $C4.5 million worth of shares at a price of $C1.30 in a $C9 million raising.

Michael Quinn
Rio take more shares in Ashton

Prior to taking up the 3.46 million shares in the raising, Rio held 52% of the explorer’s 77 million shares. Ashton’s most advanced project is its 50:50 Foxtrot joint venture with SOQUEM in Quebec. First...

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