StockMarketWire.com - Strategic Minerals said it had agreed with New Age Exploration to acquire its entire 50% shareholding in Cornwall Resources for £2.7m.

Cornwall was the joint venture vehicle developing the Redmoor tin and tungsten project project in Cornwall.

The acquisition was subject to approval by New Age Exploration shareholders at a general meeting.

Upon completion of the acquisition, the development would be 100% owned by Strategic Mineals.




Story provided by StockMarketWire.com