The Board of BBIG is pleased to announce the shareholders of Flinders Mines Limited (FMS) have approved the forming of an incorporated joint venture, PIOP Mine Co, to develop the Pilbara Iron Ore Project (PIOP). BBIH a subsidiary of BBIG will be appointed as Manager of PIOP and will concurrently develop the BBIG Project, with PIOP Mine Co a foundation customer.
Please refer to the following links on the FMS website outlining the shareholder approval obtained and the meeting documentation, outlining the terms of the approved transaction:
Results of Meeting: http://flindersmines.com/wp-content/uploads/20200303_Results-of-Meeting.pdf
Notice of Meeting for approval of the Proposed Transaction with BBIG: http://flindersmines.com/wp-content/uploads/20200130_Notice-of-Extraordinary-General-Meeting-Proxy-Form.pdf