Vernalis to raise £68.5m 10/02/2012
Drug discoverer Vernalis (VER) is to raise £68.5 million as part of a joint venture with US concern Tris Pharma.
Anglesey Mining arm placates locals
Access agreement with the Quebec Innu people will remove barriers to Anglesey Mining's ore projects in western Labrador and Quebec.
Labrador Iron Mines (LIM), fully-listed Anglesey's 41 per cent-owned associate, says a public meeting has ratified the agreement, whereby LIM and Calgary-based New MiIlennium Capital (which recently exchanged some assets with LIM) will support education, training, health, youth and other programmes in the area of the town of Schefferville in exchange for the removal of barriers between Schefferville and the projects.
LIM has also agreed to continue negotiating an 'Impact Benefits Agreement' with the Innu, who have initiated legal action against the Government of Newfoundland and Labrador over permits granted to LIM for the iron ore project near Schefferville.
Shares in Anglesey, which has previously targeted annual production of three million tonnes in 2012, have perked up 5.75p to 32p, up from a year's low of 6.88p and valuing the company at £49 million.
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