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Ferrex Secures 85% of the Significant Neyega Manganese Exploration Permit in Togo
Nov. 14, 2011 08:59PM PST
Battery Metals Investing
Mineweb reported that Ferrex plc (LSE:FRX) has completed an 85% acquisition of a Togo manganese deposit.
Mineweb reported that Ferrex plc (LSE:FRX) has completed an 85% acquisition of a Togo manganese deposit.
As quoted in the market news:
Ferrex will fund, through interest free shareholder loans, the entire project to the bankable feasibility stage and will pay a one off fee to the project introducer of £100,000.  This fee will be used to subscribe for 2,500,000 shares in Ferrex at 4p per share.
