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China Guangdong Nuclear Power Corp Wins 13% More Shares in Kalahari Minerals
Jan. 13, 2012 01:41PM PST
Long TailMining Weekly reported Apac Resources (HKG:1104) has accepted the bid from China Guangdong Nuclear Power Corp for its Kalahari Minerals (AIM:KAH) share.
Mining Weekly reported Apac Resources (HKG:1104) has accepted the bid from China Guangdong Nuclear Power Corp for its Kalahari Minerals (AIM:KAH) share.
As quoted in the market news:
The Chinese firm has set a February 2 deadline for its £632-million takeover of Kalahari Minerals, which owns a 43% stake in ASX- and TSX-listed Extract Resources.
The £2.4355-a-share cash offer represented a 16.1% premium to the average closing price of Kalahari’s shares for the six months up to March 4, when the Chinese firm first announced it wanted to buy the uranium hopeful.
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