Lady Annie sale approved

China Sci-tech Holdings has approved the acquisition of Cape Lambert's Lady Annie mine

The sale of Cape Lambert’s Lady Annie mine has been approved by the share holders of acquirer China Sci-Tech Holdings.

The Chinese company released a statement saying the $135 million acquisition was overwhelmingly approved.

Cape Lambert intends to use the funds from the sale to accelerate its drilling program at the Marampa iron ore project in Sierra Leone.

 

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