19
Oct
17:08
NICKEL: Pallinghurst Group invests in Talon Metals, Tamarack project
The Pallinghurst Group, a mining investment group based in the United Kingdom, says it has acquired a 19.2% stake in Talon Metals Corp and its Tamarack nickel-copper-cobalt project in Minnesota for CAD 80.2 million ($64.9m), Kallanish reports.
The company has, through subsidiary Pallinghurst Nickel International, acquired 133,610,895 common shares of Talon Metals from Resource Capital Fund VI at a purchase price of CAD 0.60/share in order to invest in the growing …
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