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
- Forums
- ASX - By Stock
- UMC
- announcement coming
announcement coming , page-9
-
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)