11:51 AM EST - Moly Mines Limited : has entered into a mine gate sale agreement for iron ore produced at the Company's Spinifex Ridge Iron Ore Mine with Mineral Resources Limited. The Transaction is subject to approval of the Company's shareholders at an extraordinary general meeting to be held in the second half of June 2013. The Transaction will leave the Company with a significant cash and liquid assets position of approximately A$83 million (equivalent to approximately 21.5 cents per share on a fully diluted basis). Moly Mines Limited
shares T.MOL are trading up $0.02 at $0.14.
