Rico Resources Limited (RRI) was formerly known as E-Com Multi Limited (ECE).
More: http://www.miningweekly.com/article/...ico-2011-02-14Talisman sells two iron-ore projects to Rico
By: Esmarie Swanepoel
14th February 2011
PERTH (miningweekly.com) − Perth-based explorer Talisman Mining will sell its Wonmunna and Uaroo iron-ore projects to Rico Resources, formerly known as E-Com Multi, for A$41,35-million.
Rico, which signed an option over the projects in November, would pay A$34,25-million in cash, of which A$2-million has already been received, as well as 35,5-million shares, postreconstruction, valued at A$7,1-million. Talisman would also receive a 1% royalty.
Previous discussion of this company can be found in the ECE thread: http://www.aussiestockforums.com/for...ead.php?t=9055