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Empire Resources signs term sheet with Blue Capital Services Pty Ltd

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    March 21 (Reuters) - Empire Resources Ltd (ERL) :

    • Penny's jv secures $7.5m to fund mining to gold production-ERL.AX
    • Signed a binding term sheet with Blue Capital Services Pty Ltd
    • Full scale mining operations will get underway in april
    • Binding term sheet to fund mining costs needed to bring penny's find gold mine into full production

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