CORPORATE ACTIVITY
ASX-listed Kidman Resources said on Wednesday that it would seek a “satisfactory outcome” for its investment in fellow-listed KBL Mining, after the company seemingly abandoned the debt struggle.
Kidman acquired A$12.6-million in KBL debt from Capri Trading in November last year, which was secured against all of KBL’s assets, including its operating Mineral Hill base metals mine and its Sorby Hills lead/silver deposit, in Western Australia.
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