• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Company Market
    Company News
    Company Stocks
    • Company Market
    • Company News
    • Company Stocks

    Bannerman Receives Acquisition Proposal

    Investing News Network
    Jul. 11, 2011 11:13AM PST
    Company News

    Bannerman Resources Limited (TSE:BMN,ASX:BAN) reports that it has received acquisition proposal from Hanlong Mining Investment Pty Ltd for A$0.612 cash per Bannerman share by way of a scheme of arrangement.

    Bannerman Resources Limited (TSX:BMN,ASX:BAN) reports that it has received acquisition proposal from Hanlong Mining Investment Pty Ltd for A$0.612 cash per Bannerman share by way of a scheme of arrangement.

    The press release is quoted as saying:

    The Board of Bannerman believes that Hanlong recognises the strategic significance of controlling Bannerman’s large-scale and low technical risk Etango Uranium Project in Namibia. The Board also believes that Hanlong’s approach has been timed to take advantage of Bannerman’s low share price which has been adversely affected by macro issues such as the events at Fukushima and weak global equity markets.

    Bannerman’s Chairman, Dr David Smith says:

    “It is understandable that Bannerman is now attracting corporate interest. Bannerman controls one of the largest undeveloped uranium resources in the world and, despite recent events, there is no doubt that nuclear power will continue to play a key role in meeting the world’s growing energy needs as well as alleviating greenhouse gas emissions.Etango is a strategic asset which is highly leveraged to a stronger uranium price in a world where security of supply is one of the most important issues for nuclear power generators and utilities.”

    Click here to access the entire news release.

     

    etango uranium projecthanlong miningnuclear power
    The Conversation (0)

    Go Deeper

    AI Powered
    Nevada Silver

    Corporate and Project Update on the Emily Manganese Project

    Lithium Investing

    Lithium-ion Bull: KISS

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×