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Noble acquires 18.8% stake in ASX-listed Symbol Mining for A$375,000

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Noble acquires 18.8% stake in ASX-listed Symbol Mining for A$375,000

Samantha Chiew Published on Fri, Dec 22, 2017 / 5:32 PM GMT+8

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SINGAPORE (Dec 22): Noble Group says wholly-owned subsidiary Noble Resources International (NRI) has acquired an 18.82% stake or about 81.25 million shares in Symbol Mining for A$375,000 ($387,100).

Symbol is a mineral exploration company that is listed in the Australian Stock Exchange (ASX).

NRI has been providing debt funding to a subsidiary of Symbol for development of its exploration licences and providing support for potential sales and marketing strategy since 2015.

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