Independence Group chief executive Peter Bradford.
IGO buys 15% stake in Buxton
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Friday, 7 December, 2018 - 15:02
Peter Bradford-led Independence Group has taken a $4 million stake in junior explorer Buxton Resources.
In a statement to the ASX, Buxton said Independence had purchased 20.4 million shares for a cash consideration of $4 million to take a 15 per cent stake in the company.
Bruxton has four projects in Western Australia, including the Yalbara graphite project and a series of nickel and copper projects.
IGO recently took a $1.8 million stake in West Perth-based Encounter Resources.
Shares in Buxton last changed hands at 13 cents each, while IGO shares were off 1 per cent at $3.81 each today.
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