Posted in | News | Ferrous Alloys and Metals | Iron and Steel

New Millennium Capital Discusses Extension of Tata Steel's Exclusivity Period

Editorial Checklist Reviewed
Jan 3 2011

As a result of recent market activity, New Millennium Capital Corp. ("NML" or the "Company") (TSX VENTURE:NML) today announced that it has, in conjunction with its financial advisors, Jennings Capital and CITIC Securities, been in discussions with Tata Steel regarding an extension of Tata Steel's exclusivity period, which expires today, to enter into a binding agreement with respect to development of NML's taconite projects.

A further announcement will be made if and when an extension agreement is executed by the parties in that regard.

Source:

http://www.tatasteel.com/

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