another step forward

CopperCo / Minsec merger - another step forward
Mineral Securities Limited (AIM & ASX: MXX) advised the markets that CopperCo has lodged a Form 604, in regard to acceptances it has received from substantial shareholders, for its ongoing offer for Minsec shares. In this case the substantial shareholders include directors of Minsec who hold 36,007,562 or 21.02% of Minsec's shares in issue (22.89% excluding Treasury Shares which are due to be cancelled).

Minsec’s shares are trading today at 48p, which means that Copperco’s is at a premium of 15.8%. Thus it seems very likely that Minsec shareholders will accept the proposed merger deal which is nearing completion


For the background to this story see:

"Mineral Securities - an emerging mid-tier mining group, trading like a depressed junior" published on 15/7/08 on Proactive Investors UK website at http://www.proactiveinvestors.co.uk/art ... t.php?MXX3

The article is also published on Proactive Investors Australian Website at http://www.proactiveinvestors.com.au/co ... -0211.html

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