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04/02/2020 - 09:06

Vonex cashes in legacy mining royalty

04/02/2020 - 09:06

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Listed telco innovator, Vonex, has entered into a preliminary agreement with the Canadian company, Silverstream SEZC, to sell its legacy entitlement to future iron ore production royalties from the Koolyanobbing Iron Ore Project. Subject to a definitive sale and purchasing agreement being executed and certain milestones being met, Vonex will receive total consideration of AUD$2.5 million in three instalments.

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