Zanaga Iron Ore completes acquisition of Jumelles interest
Updated : 14:39
Zanaga Iron Ore announced on Friday that its proposed acquisition of all of Glencore Projects’ 50%-plus-one-share interest in Jumelles had completed.
The AIM-traded firm said that as a result, the consideration shares had been admitted to trading on AIM.
“The appointments of Peter Hill and Denis Weinstein to the board of the company, following their nomination by Glencore Projects, have become effective,” the board added in its statement.
Zanaga announced the proposed acquisition and its terms on 23 November.
At 1439 GMT, shares in Zanaga Iron Ore Company were up 1.13% at 4.93p.
Reporting by Josh White for Sharecast.com.