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NSL Consolidated Announces the Execution of Definitive Agreement for Indian Iron Ore Project
Wednesday September 30, 2009, 10:04 am

Original Announcement: Execution of Definitive Agreement for Indian Iron Ore Projec

NSL Consolidated announced the execution of a binding agreement (Definitive Agreement) for the acquisition of mining rights to an iron ore project in Southern India. The Definitive Agreement covers both the grant to NSL of extraction and selling rights to the Project together with the transfer to NSL of a fully operating mining lease. Production and cash flow are scheduled for end of first quarter 2010.

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