REO Magnetic

SINGAPORE (Nov 5): For more than two years, ISR Capital has attracted intense scrutiny from regulators and unflattering media headlines in its bid to acquire a stake in a rare-earth mining asset in Madagascar. Following the go-ahead from the Singapore Exc

SINGAPORE (Nov 1): Just a day after an extraordinary general meeting, Mainboard-listed ISR Capital announced that a statement forecasting profits in three years by executive chairman Chen Tong had been mistranslated by his Chinese-to-English interpreter.

SINGAPORE (Oct 30): After two years fraught with controversy, ISR Capital has finally received the shareholder approval to acquire a rare earth mining asset in Madagascar for $3 million. The deal is worth less than a tenth of the $40 million figure first

SINGAPORE (Nov 21): ISR Capital’s former executive director of David Rigoll has ceased to be a substantial shareholder in the company, reducing his direct interest to 3.24% from 16.85% in two transactions.

SINGAPORE (Nov 16): ISR Capital is pushing ahead with its planned acquisition of a stake in a Madagascar tantalum concession, even though it is now tacked with a vastly lowered valuation of just US$48 million ($65.1 million) from more than US$1 billion es

SINGAPORE (Aug 7): ISR Capital said that the value of the Madagascar rare earth concession, of which it wants to acquire a 60% stake, will be “much lower” than the two earlier estimates that topped US$1 billion ($1.36 billion).

SINGAPORE (Aug 1): ISR Capital has entered into a supplemental agreement with vendor REO Magnetic to revise the terms of the acquisition for a 60% stake in Tantalum.

SINGAPORE (June 21): Alliance Mineral Assets says Jonathan Lim Keng Hock is now a new substantial shareholder in the tantalum mining company.

SINGAPORE (April 28): ISR Capital is going ahead with its planned acquisition of a rare earth concession in Madagascar today, says executive chairman Chen Tong at the company’s annual general meeting held earlier this morning.

SINGAPORE (March 31): ISR Capital may have fallen out with its largest shareholder, David Rigoll, but it is still on track to acquiring a major stake in a rare earths mining concession in Madagascar that was once owned by a company Rigoll led.