Armco Metals in deal to buy iron ore trader
Apr 18, 2014 | 05:08 PM
| 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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