Toronto-based junior Eastern Stone Products (ASE) has arranged to buy the remaining 25% interest in Belrose Minerals in exchange for 500,000 Eastern common shares.
Upon completion of the deal, Eastern will own all of Belrose, which itself owns the Belmont Granite quarry near Havelock, Ont. and a marble quarry near Tweed, Ont.
Belrose has started shipping granite to customers in Canada and the U.S. from the Belmont quarry.
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