Ironveld keeping 'close dialogue' with Grosvenor over Luge transaction

Ironveld updated the market on the sale of its interest in Luge on Wednesday, reporting that “close dialogue” with Grosvenor was continuing.

The AIM-traded firm said Grosvenor was arranging the necessary funding to complete the equity subscription agreement as part of the Luge transaction.

“Grosvenor continues to work positively towards financing these transactions and the company will provide further updates in due course,” the Ironveld board said in its short statement.

At 1539 GMT, shares in Ironveld were down 5.45% at 1.04p.