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Sparton Takes 93% of VanSpar With Share Exchange

Investing News Network
May. 18, 2012 07:30PM PST
Battery Metals Investing

Sparton Resources Inc. (TSXV:SRI) announced a share exchange it increase its interest in vanadium subsidiary VanSpar.

Sparton Resources Inc. (TSXV:SRI) announced a share exchange it increase its interest in vanadium subsidiary VanSpar.

As quoted in the press release:

This increased interest will provide the Company with more flexibility in arranging new financing for VanSpar and its programs in Jiangxi China. Discussions are currently underway with several private investment groups and vanadium end product users for senior financing of the vanadium programs.

Click here for the Sparton Resources Inc. (TSXV:SRI) press release.

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