SINGAPORE (Mar 1): ISR Capital’s planned acquisition of a tantalum concession is taking longer than expected.

The company today announced that the long-stop date for the acquisition will be extended – yet again – to June 30, from the previous deadline of Feb 28.

The controversial acquisition, for 60% of the concession in Madagascar, was initially set at $40 million to be paid in new ISR shares at 10 cents each. That helped spark the surge in ISR shares to as high as 33 cents in October 2016.

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