IMO completes deal

IRISH Marine Oil (IMO) has completed the acquisitions of Irish Base Metals and Minco Ireland.million.

IRISH Marine Oil (IMO) has completed the acquisitions of Irish Base Metals and Minco Ireland.million.

It is effectively a reverse takeover as the two companies, owned by Juno, a public Bermuda investment group, now have 43.7 per cent of the enlarged group, by far the largest shareholding. IMO now has nine active mineral exploration projects in Ireland; three gold and six zinc.