NNSL Photo/Graphic

Canadian North

Home page text size buttonsbigger textsmall textText size Email this articleE-mail this page

Exploration company takeover

Thandiwe Vela
Northern News Services
Published Monday, June 11, 2012

A Vancouver-based exploration company has acquired all issued and outstanding common shares of IronOne Inc., an exploration company with an iron ore property in southern Nunavut.

Ridgemont Iron Ore Corp. announced late last month that the transaction to acquire IronOne had closed.

"We are extremely pleased to have concluded the acquisition of IronOne," stated Brian Penney, Ridgemont's president and CEO.

Ridgemont now has an option to acquire a 100 per cent interest in the Maguse River iron project, located about 60 km north of Arviat.

E-mailWe welcome your opinions. Click here to e-mail a letter to the editor.