IBG 0.00% 0.3¢ ironbark zinc ltd

top 40 shareholders, page-3

  1. 742 Posts.
    lightbulb Created with Sketch. 18
    Found this snippet whilst trawling through the NYRSTAR 2010 ANNUAL REPORT;
    interesting to read that they chose not to participate in the latest C R. No big deal IMO as they already hold 30%
    They do however stress there continual commitment to diversify into mining.
    The report is a recommended read on the Nyrstar web site

    Ironbark Zinc Limited
    In March 2010, Nyrstar agreed
    to acquire an additional 11%
    interest in Ironbark for ?10.3
    million, taking Nyrstar?s interest
    in Ironbark to approximately
    31%. The amount raised by
    the placement was used by
    Ironbark to fund its 2010
    drilling program at the Citronen
    zinc-lead deposit in Northern
    Greenland, an important step
    in the completion of a bankable
    feasibility study in relation to its
    potential development. Ironbark
    conducted a private placement
    in November 2010 to raise
    a further AUD$11.5 million;
    however, Nyrstar chose not to
    participate in this placement
    and currently has a diluted
    shareholding of approximately
    26.5%.
 
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