Alkane Exploration Ltd and the privately-owned Randolph Syndicate will combine their adjoining iron ore exploration tenements with Consolidated Minerals to form a new company, BC Iron Ltd, set to raise $6 million in its IPO.

Alkane Exploration Ltd and the privately-owned Randolph Syndicate will combine their adjoining iron ore exploration tenements with Consolidated Minerals to form a new company, BC Iron Ltd, set to raise $6 million in its IPO.