Ironveld signs agreements for FCF acquisition

Ironveld updated the market on its acquisition of Ferrochrome Furnaces (FCF) on Wednesday.

The AIM-traded company confirmed that all material underlying agreements required by the debt purchase agreement and share purchase agreement had now been agreed and signed.

“The timing of the transaction completion has had no effect on the company's operations, which continue to progress as planned,” the board said in its statement.

At 1053 GMT, shares in Ironveld were flat at 0.29p.

Reporting by Josh White for Sharecast.com.