The controversial acquisition, for 60% of the concession in Madagascar, was initially set at $40 million to be paid in new ISR shares at 10 cents each. That helped spark the surge in ISR shares to as high as 33 cents in October 2016.
SINGAPORE (Mar 1): ISR Capital’s planned acquisition of a tantalum concession is taking longer than expected.
The company today announced that the long-stop date for the acquisition will be extended – yet again – to June 30, from the previous deadline of Feb 28.
