EXT 9.09% 1.0¢ excite technology services ltd

coronet acceptances = 97.5%

  1. 2,445 Posts.
    lightbulb Created with Sketch. 556
    Looks like Kalahari will get Coronet's 16000000 shares


    http://www.proactiveinvestors.com.au/companies/news/4938/kalahari-minerals-planned-coronet-acquisition-to-complete-in-march-as-deal-gets-9761-acceptances-4938.html

    Niger is second largest holder of Kalahari (+15%), just behind Rio (~15.8). If NWT succeed in overthrowing current board, & if that board was friendly to Rio, that would give over 30% control to Rio. Next biggest holder has some 12% - will the battle move there next?
 
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