Calgary, Alberta-based Pacific Iron Ore Corporation announced Monday that it is evaluating strategic alternatives for the future of the company.
Pacific Iron Ore announced that it has engaged financial advising company AltaCorp Capital Inc. to provide advisory services. Pacific Iron Ore reported that in a thorough review of the company, Pacific Iron Ore trades at a substantial discount to the value of its underlying assets.
The strategic alternatives Pacific Iron Ore is considering include: a sale of one or more assets of the company; the sale of the company either in one transaction or in a combination of transactions; one or more joint venture transactions; an acquisition; a recapitalization.