09:57 AM EST - Alderon Iron Ore Corp. : announces that it has amended its subscription agreement with Hebei Iron & Steel Group Co., Ltd. dated April 13, to reduce the aggregate investment in Alderon and the Kami iron ore project from $194 million to $182.2 million. Hebei's initial investment in Alderon and the Kami Project will now be an aggregate amount of $182.2 million in exchange for 19.9% of the outstanding common shares of Alderon and a 25% interest in a newly formed limited partnership that will be established to own the Kami Project. Alderon Iron Ore Corp.
shares T.ADV are trading up $0.14 at $2.44.
