which company is drd after??

Hi,

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DRD cashes up ahead of Australasian acquisition

Michael Quinn


Tuesday, September 09, 2003
DURBAN Roodepoort Deep has cashed-up with a US$43.14 million raising and is in discussions regarding the acquisition of an undisclosed asset.

The funds came from the Investec Group's exercising of a call option on 18 million DRD shares, with the option due to expire next month.

Chairman and CEO Mark Wellesley-Wood was quoted as being "elated" by the swift exercise of the option, with Investec being granted the option to call a further 9 million shares.

In terms of the asset being assessed, the only clue was that it's located in Australasia.

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bye.dub