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Archelon establishes new subsidiary; divests remaining interest in Nordic Iron Ore


Friday, 4 Apr 2014 03:04am EDT 

Archelon publ AB:Establishes a subsidiary engaged in exploration activities with focus on Sweden.The unit will be co-owned by Archelon (90 percent) and Anders West (10 percent).Plans to distribute about half os its share in the new subsidiary to the shareholders during 2014.Divests remaining interest in Nordic Iron Ore AB to finance part of cost related to establishment of the new subsidiary. 

Company Quote

657.0
-3.0 -0.45%
4 Jul 2014