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Korea Zinc to Invest in Canada’s Woulfe Mining, Units
Nov. 24, 2010 06:54AM PST
Base Metals Investing Bloomberg.com reports that Korea Zinc is planning to buy units of Woulfe Mining (CVE:WOF).
Bloomberg.com reports that Korea Zinc is planning to buy units of Woulfe Mining (TSXV:WOF).
The story is quoted as saying:
The Korean company signed an initial agreement to buy 33.3 million new shares, or a 13.46 percent stake, in Woulfe Mining for C$10 million ($9.8 million), the Seoul-based company said in a regulatory filing today. Korea Zinc will also purchase new shares in the three units for a total C$40 million, it said.
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