UMC signs groundbreaking equity/off‐take agreement
with one of China’s top steel buyers
China Railway Materials Commercial Corp. Group
__________________________________________________________________________________
HIGHLIGHTS:
• UMC agrees A$27.2M placement to China Railway Materials Commercial
Corp. Group.
• China Railway Materials Commercial Corp. Group is one of the top 3
steel buying groups in China.
• Placement is at A$1.35 per share.
• A 10‐year 3.0 million tonnes per annum off‐take agreement will be
negotiated on commercial terms.
• 1:10 non‐renounceable rights issue of new options to existing
shareholders.
Australian iron ore development company United Minerals Corporation NL (ASX
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