Canyon Resources acquires 9.1% stake in Cameroon’s rail operator, Camrail

SYDNEY: Canyon Resources Limited (ASX: CAY) has announced that its wholly owned subsidiary, Camalco Cameroon SA, will acquire a 9.1% interest in Camrail SA, the operator of Cameroon’s rail network. This significant move, backed by two share sale agreements, marks a major milestone for Canyon’s flagship Minim Martap Bauxite Project. Camalco will acquire a 3.8% equity…