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Cape Lambert to acquire 37% of DMC

3-July-09 by Rebecca Lawson

Acquisitive Cape Lambert Iron Ore is set to gain a 37 per cent shareholding in West Perth-based explorer DMC Mining and will lobby for additional board representation.

Cape Lambert will acquire its stake through wholly owned subsidiary, Dempsey Resources, through the conversion of a $2 million convertible note and exercise of 5 million options.

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