Wednesday, June 11, 2014

"Judge Approves Sale of James River's Idle Mining Operations" $JRCC

A correspondent writes in with this update,

"Opes is paying James River $3.1 million in cash and is taking on an estimated $6.7 million in liabilities for its part of the complex, while Marshall is paying $445,000 and assuming an estimated $2.2 million in liabilities for the other part. James River said that while the assets aren't currently operational, selling them will save the company more than $1 million per month. James River is set to hold an auction for its other assets on July 8, with formal bids due by June 30."

No comments: