IMX RESOURCES CAIRN HILL PROJECT TO PROCEED

Resources developer, IMX Resources Limited (ASX:IXR) is pleased to announce that it has received $14.6 million from private Chinese investor Sichuan Taifeng.   IMX Board will use these funds to continue the development of the Cairn Hill Phase 1 project in South Australia. Importantly, shipping is expected to commence in mid to late Q3.

IMX SIGNS $47M FUNDING AGREEMENT FOR CAIRN HILL DEVELOPMENT & PLACEMENT

Resources developer, IMX Resources Limited is pleased to announce a major funding milestone with the signing of a Heads of Agreement (“HOA”) with Taifeng Yuanchuang International Development Co Ltd (Taifeng), the Hong Kong subsidiary of the privately owned Sichuan Taifeng Group Co Ltd.  Taifen Yuanchuang will  invest a minimum of $47.1 million by:  contributing approximately…