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News Breaks
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August 9, 2011
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| 11:18 EDT |  | IGC |
| theflyonthewall.com: | India Globalization Capital enters into partnership to provide iron ore | | India Globalization Capital announced that it has closed on a strategic partnership agreement to provide iron ore to Chinese steel mills. IGC entered into a strategic partnership agreement with Chinese iron ore mine H&F Ironman to source ore from India. To memorialize this strategic partnership, Ironman will purchase $250,000 in IGC stock at a price of 35c and IGC will buy a similar amount of stock in H&F Ironman. Under the agreement IGC will source ore from India and ship the ore to H&F Ironman and their customers in China. :theflyonthewall.com |
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