Jean Nickel today announced that the company and GBK jointly bid for the acquisition of the Royal mining 100% shares and all convertible bonds have been delivered, complete the transfer formalities. The Royal mining stock and convertible bonds have been retired from the Toronto Stock Exchange. According to the introduction, the Royal Canadian Mining Company has a strong reserves of resources, its exploration area has been proved that 6 of the total mineral resources of 25.34 million tons of ore, Nickel metal Volume 228,000 tons, copper metal volume 277,000 tons, currently Jean Nickel nickel ore reserves only about 150,000 tons, the success of this acquisition will greatly improve the company's resource reserves. And the region has found 4 new deposits, with considerable exploration potential, Canada's nickel ore is sulfide ore, high grade can reach 1%, with the local close to high economic benefits.
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