Perth companies Vulcan Resources and Universal Resources have agreed to merge through a scheme of arrangement, nearly one month after both explorers flagged a friendly merger.
Cash-rich Vulcan Resources and Universal Resources have announced a friendly merger, brining together copper projects in Finland and Queensland into the combined group.
Vulcan Resources Ltd, a base and precious metals development and exploration company working in Finland, has become the latest in a string of companies to feel the pinch thanks to the financial crisis affecting markets around the globe.
West Perth-based development and exploration company Vulcan Resources Ltd has today announced that it is proceeding with the Kylylahti Mine in Finland.
West Perth-based Vulcan Resources Ltd has been hammered by investors after disclosing that planning for its flagship Kylylahti project in Finland has been adversely affected by higher than expected costs and an unfavourable exchange rate.
Base metals miner Vulcan Resources Ltd has signed an agreement with Helsinki-based talc miner Mondo Minerals OY to mine and explore on its tenements for a 1 euro per tonne royalty.
Shares in West Perth-based Finland base metal explorer Vulcan Resources Ltd have risen over 12 per cent following news it had secured a $3 million facility with Macquarie Bank Ltd.
VULCAN resources has announced significant nickel sulphide hits in Finland over the past few weeks, however in a week of record copper prices it announced a 120 per cent increase in the size of its Ky
