http://www.theaustralian.com.au/business/mining-energy/cbh-resources-receives-change-of-control-proposal/story-e6frg9dx-1225839884238
ZINC and lead miner CBH Resources has received a proposal that may lead to a change of control of the company.
The stock went into a trading halt at the same time that fellow zinc developer Ironbark Zinc also entered into a trading halt.
CBH has a market capitalisation of $153 million, while Ironbark is currently valued at nearly $40m.
The trading halt for CBH is the latest development during a transformative time for the company.
Last month the miner said it had entered into a $67.5m joint venture agreement with major shareholder Japan's Toho Zinc, declaring the deal superior to a takeover offer by Belgium's Nyrstar SA made earlier in January.
Pat
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