Maylaysian-backed iron ore hopeful Midwest Corporation, whose...

Maylaysian-backed iron ore hopeful Midwest Corporation, whose shares have surged more than 50 per cent over the past month, is believed to be in the final stages of about $30 million capital raising through stockbroker Patersons Securities to futher its ambitions of multiple iron ore developments in WA's Mid-West.
Midwest, which was restructured two years ago from the remnants of iron and steel developer Kingstream, is likely to use the cash for a feasibility study for the development of its Koolanooka and for more work on Weld Range .

Cheers Cloggy