NGF BAB

News: Norton Gold Fields secures controlling stake in Bullabulling Gold

  1. Proactive
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    15/07/14
    10:10
    Post #: 13659940

    Norton Gold Fields (ASX:NGF) has secured a controlling stake in Bullabulling Gold (ASX:BAB, LON:BGL).

    Bullabulling’s management last week yielded, once the acceptances reached 41.35%.

    Norton said yesterday that with a 50.95% stake it now has a “position of control” and it had launched a review of the company’s processes and the composition of its board.

    Norton said it intends to de-list Bullabulling from AIM.

    Investors in Bullabulling who have yet to accept the offer still have until July 28 to make a decision, after the offer period was automatically extended.

     

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