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FNI terminated acquisition of Ferrochrome Resources

18 Mar

BY F. YAP SECURITIES / 2TRADEASIA

Global Ferronickel’s (FNI) board terminated the Memorandum of Agreement (MoA) with GHGC Metallic Ore (GHGC) & shareholders, for the purchase of Ferrochrome Resources (FR).

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The termination was due to non-fulfillment of conditions enumerated in the MoA.

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Posted by on March 18, 2015 in Corporate News, FNI, Stock Market

 

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