Armco Metals in deal to buy iron ore trader

Apr 18, 2014 | 05:08 PM | Rey Mashayekhi

Tags  Armco Metals Holdings, Draco Resources, scrap, iron ore, Kexuan Yao, Rey Mashayekhi

NEW YORK — Armco Metals Holdings Inc. has entered an agreement to purchase a 100-percent stake in iron ore mining and trading company Draco Resources Inc., the company said April 16.

The stock exchange, valued at about $46 million, is subject to the completion of due diligence and shareholder and regulatory approval.....

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