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Alderon Iron Ore Corp AXXDF

Metals & Mining Steel Industrial Metals & Minerals Steel
Alderon Iron Ore Corp is a Canada based development-stage company. It is conducting iron ore evaluation activities related entirely to its Canadian properties located in western Labrador in the province of Newfoundland and Labrador. The company's operating segment is the acquisition, exploration, and evaluation of mineral resources. Its flagship project is the Kami Iron Ore project located in the Labrador Trough.


GREY:AXXDF - Post by User

Alderon Iron Ore Corp
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Post by Greenandgrizzlyon Mar 07, 2012 8:11pm
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Post# 19641005

Strategic

Strategic

https://www.leaderpost.com/business/Junior+miners+scramble+financing+assistance/6261788/story.html

The $40 million Liberty Metals & Mining investment in ADV is "strategic." What does this mean? Compare with Allana Potash, which received a $20 million private placement from Liberty Metals & Mining last year. Allana just announced "expressions of interest" in a US $600 million debt package. This is massive and surprising for a junior.

"Chief executive Farhad Abasov said the key to raising this money is that Allana brought in a couple of key investors early in its development: the International Finance Corp. (a division of the World Bank) and Liberty Metals and Mining, a private equity investor. They gave the market greater confidence in Allana's project."

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LMM's investment guarantees the entire Kami project. The banks will follow the smart money, and LMM, being the investment arm of a Fortune 100 corporation, is the smart money.

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