- Published: Tuesday, 14 January 2014 10:32
- Written by ASIA Miner News
Brockman Mining and China Guoyin have entered into a share subscription agreement whereby China Guoyin will subscribe for 195 million shares at an aggregate subscription price of Aus$11.3 million. Brockman has also entered a separate agreement with Ocean Line for 292.5 million shares at an aggregate subscription price of about Aus$16.76 million. Proceeds from both will be used for the development of Brockman’s iron ore mining projects in Western Australia.