Macquarie became a substantial holder following the completion of IMX's plan of arrangement with Continental Nickel (TSXV: CNI) - with IMX acquiring all of the issued capital in Continental that it didn't already own.
Macquarie now holds 14.8 million shares in IMX.
Following the plan of arrangement with Continental - IMX has now taken control of the Nachingwea Exploration Project in Tanzania, which is highly prospective for nickel and copper sulphide, gold and graphite mineralisation.
Nachingwea currently has a Measured Resource of 28,400 contained nickel tonnes, an Indicated Resource of 126,300 contained nickel tonnes and an Inferred Resource of 135,000 contained nickel tonnes.
IMX will now become a dual-listed company with the stocks shares to commence trading on the Toronto Stock Exchange overnight (18 September) under the ticker code IXR.
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