"Mr Elias said the alliance with Cape Lambert would create value...

"Mr Elias said the alliance with Cape Lambert would create value for shareholders and help the company in its next phase of growth.

"The investment is an endorsement of Chameleon's decision to take action in the Federal Court over the Jack Hills iron ore assets," he said.

Mr Sage said he was optimistic about the opportunities available to Chameleon and looked forward to contributing to the company's development."

http://au.news.yahoo.com/thewest/business/a/-/wa/7737723/sage-strikes-deal-with-glory-mate/