Atlas to Sell Balla Balla Project
Investing News Network - December 15th, 2011
Atlas Iron Ltd. (ASX:AGO) announced that Forge Resources (ASX:FRG) will buy Atlas’s Balla Balla magnetite-vanadium project.
Atlas Iron Ltd. (ASX:AGO) announced that Forge Resources (ASX:FRG) will buy Atlas’s Balla Balla magnetite-vanadium project.
As quoted in the press release:
Forge will pay A$17.5 million to Atlas by the end of February 2012, subject to any required Forge shareholder approvals and a successful capital raising of at least A$15 million by Forge