Iron ore producer, Fenix Resources (ASX:FEX):
has today completed the acquisition of the remaining 50% interest in haulage joint venture company, Fenix-Newhaul Pty Ltd resulting in the consolidation of 100% ownership of the haulage business into Fenix
Payment completed in:
A$7.5 million in cash and 30,000,000 Fenix fully paid ordinary shares.
Additionally:
Mr Craig Mitchell, the founder of Newhaul, has been nominated to join the Board of Fenix …