14/08/2008
Recent AIM recruit Iofina has acquired a new 30,000-acre gas and iodine prospect in the US state of Montana.
Iofina, which raised £55 million with an AIM float at 55p in May, is pursuing gas and iodine prospects in the mid-western USA. The company has named its new area the Triton Prospect and says it was able to buy it ‘on favourable commercial terms’ because brine water makes it unviable without using Iofina’s proprietary ‘Wellhead Extraction Technology’.
Shares in Iofina have been volatile since flotation, surging to 93.5p in June before subsiding back to 55p now. That values the company at £51.6 million.
Save 50% off your first year’s subscription to Growth Company Investor magazine, and gain immediate access to all the recommendations online. Click here.
Related Articles:
|
| 16/05/2008
|
| 16/05/2008
|
| 16/05/2008
|
| 15/05/2008
|
| 15/05/2008
|
People who read this article also read ...
|
| 14/08/2008
|
| 14/08/2008
|
| 14/08/2008
|
| 14/08/2008
|
| 13/08/2008
|
| AIM | £27.68m |
29.50p
|
-0.50p
|
|
| Other company articles: |
| 09/09/2008 |
| 14/08/2008 |
| 02/06/2008 |
| 09/05/2008 |
Business Finance Info
Get info on business finance from 12 engines in 1.
Business Finance
Looking for Business Finance? Click here to shop and compare online.
Business Finance
Pick From Leading Business Finance Specialists.
