Monday, March 21, 2011

Bending Lake to go Public


A company with plans for the former Steep Rock Iron Ore mine at Atikokan is looking to go public.

Tom Ungar, a vice-president with Bending Lake Iron Group, says a move to the Toronto Stock Exchange will help raise the over $900-million for the project.

"We're well underway to hopefully raising and locking up that funding that needed," says Ungar. "When you can also offer someone the liquidity that a public company provides, it helps you."

Ungar says the company could begin trading on the Stock Exchange later this year.