On March 13th, Aclara Resources ("Aclara" or the "Company") (TSX:ARA) announced a strategic investment up to US$80million from CAP S.A. ("CAP"). CAP is "a company with more than 77 years of history and listed in the Chilean Stock Exchange since 1987, is the parent company of the CAP Group, a Chilean conglomerate operating in various industries including iron ore mining (CMP), with mines and industrial operations in the north of the country, as well as steelmaking operations in Concepcion (Huachipato), very close to the Penco Module". Within the news there is also a new Joint-Venture company being formed with CAP and Alcara.
Francois Motte, CFO of Aclara joins me to discuss the four key components of the news release.
If you have any follow up questions for Francois regarding the news please email me at Fleck@kereport.com.
Click here to read over the full news release.
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