"The MOU allows, subject to all necessary regulatory, FIRB, Board and shareholder approvals NMDC the right to acquire a shareholding of up to 50% in Legacy by subscribing for shares, with a price agreed between the parties."
"NMDC has indicated their intention to use Legacy as an Australian vehicle to acquire large-scale bulk commodity projects such as coal and iron ore."
"With increased funding and significant financial backing, we will actively be seeking new projects such as iron ore, coal, etc to acquire which can significantly add value to Legacy shareholders."
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