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IBTimes reported Legacy Iron Ore (ASX:LCY) is poised to acquire a 60 per cent control in Hawthorn Resources (ASX:HAW).
IBTimes reported Legacy Iron Ore (ASX:LCY) is poised to acquire a 60 per cent control in Hawthorn Resources (ASX:HAW).
As quoted in the market news:
Legacy and Hawthorn had signed a term sheet for the deal which will be finalized after an upgrade to the current inferred resource at Mt. Bevan is known. This is likely to be announced in mid-January 2012.
Click here to read the full IBTimes report.