NVI 0.00% 1.1¢ nevada iron ltd

News: Nevada Iron banks first tranche of private placement

  1. Nevada Iron (ASX:NVI) has received US$299,600 (A$382,843) from completion of the first tranche of a US$1.5 million private placement.

    Proceeds from the placement will progress permitting and execution of key contracts for its wholly-owned Buena Vista iron ore project in Nevada.

    The company expects to receive the final tranche of the private placement by no later than 9 March 2015.

    Negotiations are near complete with a leading rail U.S. carrier for the transport of concentrate from the Huxley rail siding to a variety of ports.

    In addition, the company is continuing negotiations with ports are ongoing to finalise the logistics chain required for operations.

     

 
watchlist Created with Sketch. Add NVI (ASX) to my watchlist
Currently unlisted public company
(20min delay)
Last
1.1¢
Change
0.00(0.00%)
Mkt cap $438.1K
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0
NVI (ASX) Chart
GET SUPPORT arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.