Iris in JV to acquire NZ mine

PETALING JAYA: Technology firm Iris Corp has entered into a shareholders’ agreement to form Plaman Resources to acquire out of voluntary administration Featherston Resources for RM14.53mil.

The joint venture (JV) was formed with Burleigh Nominees, the agent for Helaint Pty Ltd ATF Manolas Group Family Trust and Asini Investment Corp Pty ATF Plakidis Group Family Trust, the two partners in the JV company.