Ferrex Plc (AIM:FRX) agreed to acquire an additional 17% stake in Ressources Equatoriales SARL for £0.8 million on January 11, 2013. Ferrex Plc will issue 40 million shares as consideration. The acquisition of the minority interest will be subject to Ferrex receiving an independent confirmation that the valuation of the minority interest is reasonable.

Ferrex was required to conclude an agreement with Goldstone to satisfy the Gabonese Government. Ferrex has agreed to pay 1% gross royalty to Goldstone. Ferrex will undertake soil sampling for gold on the BIF in the overlapping area.

Elizabeth Johnson, Joanna Weaving, Matthew Robinson and Henrik Persson of finnCap acted as brokers and financial advisor to Ferrex. Felicity Edwards and Elisabeth Cowell of St Brides Media and Finance acted as public relations advisor to Ferrex.