Brief: Flinders Mines Says Co's Farm-In Agreement With BBIG Group Pty Terminated By BBIG
Sept 5 (Reuters) - Flinders Mines Ltd FMS.AX :
* COMPANY'S FARM-IN AGREEMENT WITH BBIG GROUP PTY TERMINATED
BY
BBIG
* TERMINATION OF FIA ALLOWS CO TO NEGOTIATE A STAGED
DEVELOPMENT
OF PILBARA IRON ORE PROJECT
* PURSUANT TO FIA, THERE WILL BE ONE FINAL SHORTFALL PAYMENT
OF
CIRCA A$10 MILLION
Source text for Eikon: ID:nASX1b5tfT
Further company coverage: FMS.AX
Recent news on Red Hawk Mining
See all newsBrief: Red Hawk Mining Says Fortescue Acquires Over 90% Of Red Hawk
Brief: Fortescue Says FMG Pilbara Acquired More Than 90% Of Ordinary Shares In Red Hawk
Brief: Thomson Geer Says FMG Pilbara's Takeover Offer For Red Hawk Mining Declared Unconditional
Refile: BRIEF-Red Hawk Mining Says Fortescue Increased Offer Price Of A$1.20 Per Share Triggered
Miner Fortescue jumps 1% on broader sector gains; MS positive on Red Hawk offer