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Iamgold ups Merrex stake to 14% as Mali project gears up

Frik Els | June 02, 2011 | 3:08 pm Precious Metals Gold 

Merrex Gold announced on Thursday a private placement worth $1.75m with Iamgold, its earn-in partner on the Siribaya Gold Project in Mali, which is potentially a 5m ounce deposit. Merrex's agreement with Iamgold will see the company take a 50%...

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