Shareholders approve Malagasy’s change of pace

February 3, 2016

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ASX-listed Malagasy Minerals would fast-track its plans to become a Western Australian gold producer, after shareholders approved the acquisition of the Karlawinda project.

Malagasy has previously agreed to acquire unlisted Greenmount Resources, which owns the Karlawinda project, for 171.6-million shares in Malagasy, amounting to a 50% interest in the company’s issued capital.

Category: General