Ferraus Limited (ASX:FRS) Announce Consolidation Of The South East Pilbara And Recommended Takeover Offer From Atlas Iron Limited (ASX:AGO)
Atlas Iron Limited (ASX:AGO) and FerrAus Limited (ASX:FRS) (PINK:FRRAF) are pleased to announce that they have executed landmark agreements to further consolidate the Pilbara region, initially through a combination of the South East Pilbara iron ore assets of Atlas and FerrAus. This will create a substantial and attractive South East Pilbara focussed iron ore development and exploration company with a substantial land holding and resource inventory.