Ferrowest Limited (ASX:FWL) entered into a conditional agreement to acquire Urban Minerals Pty Ltd from Graeme Johnston and other shareholders for AUD 0.11 million in cash and stock on November 8, 2012. Ferrowest Limited will pay AUD 0.04 million in cash and AUD 0.06 million in stock. The deal is subject to shareholder approval of Ferrowest Limited for the share component of the consideration.

Ferrowest Limited (ASX:FWL) completed the acquisition of Urban Minerals Pty Ltd from Graeme Johnston and other shareholders on January 18, 2013. The transaction has been approved by the shareholders of Ferrowest on January 18, 2013. As part of consideration, 2.1 million shares were issued on January 18, 2013.