News

Ambershaw announced that it is preparing a 1-tonne DR-grade pellet sample to provide it to its potential client base around the Great Lakes area. The sample is expected to be ready by the end of the second quarter of 2017.

Ambershaw announces that it has signed a US$7.6 million financing agreement with Oslo Exchange listed Intex Resources (ITXX.OL). The financing consists of US$0.6 million in convertible debt to be provided in March 2017 and an additional US$7 million via equity placements to be provided by March 2018. The agreement would allow Intex to acquire a 51% stake in Ambershaw and includes $439,000 of Intex stock for LHR. (Read the annoucement here)

Ambershaw announces that it will start environmental baseline collection work in April 2017. The work program intends to build upon historical environmetal baseline data collected by previous operators, and will assist in the preparation and submission of a new Project Description to the Canadian Environmental Assessment Agency.

Ambershaw Metallics has concluded a convertible loan agreement for net proceeds of US$1.25 million. The proceeds will be primarily used to complete the acquisition of the BLIG assets, as previously announced.