Shares in Atlas Iron-backed Warwick Resources have closed 17 per cent higher on a $10 million deal with Hannans Reward to acquire the iron ore rights from the latter's east Pilbara Jigalong project.
West Perth-based Atlas Iron Ltd has obtained a 19.9% interest in emerging iron ore explorer Warwick Resources Ltd, acquiring shares in Warwick at 0.23 cents via a share placement and off market purchase for a consideration of approximately $4.3 million.
West Perth-based minerals explorer Warwick Resources Ltd has raised $3.5 million through a placement to fund followup drilling on the company's gold and copper projects, along with work on other projects.
West Perth-based minerals explorer Warwick Resources Ltd will acquire eight tenements adjoining its gold and chromite projects, from Allarrow Pty Ltd and Consolidated Minerals Ltd subsidiary Pilbara Chromite Pty Ltd, through a scrip issue.
West Perth-based minerals explorer Warwick Resources Ltd has not been immune from the impact of Cyclones George and Jacob, announcing today that its drilling program had been delayed from early to late April.
West Perth-based Warwick Resources Ltd has raised $4.5 million through its intitial public offer, with funds raised going to acquire an exploration project portfolio near Newman.
The market may be getting the jitters over commodity prices but there are still a host of resources-related floats seeking to make the most of the buoyant capital markets.
