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NSL Consolidated Announces the Execution of Agreement for Second Indian Iron Project
Wednesday October 28, 2009, 8:25 am

Original Announcement: Execution of Agreement for Second Indian Iron Project

NSL Consolidated announced the execution of a binding agreement for the acquisition of mining rights to a second iron ore project in Southern India. The agreement allows for the immediate transfer of extraction and selling rights for the Project to NSL, as well as the fully operating mining lease following satisfaction of conditions precedent. Production scheduled prior to end calendar 2009 (subject to satisfactory and mining logistics contracts) and first shipment and cash flow target of early first quarter 2010.

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