Today Zinifex Australia Limited (“Zinifex”) and Jinchuan Group Ltd (“Jinchuan”)announced that Jinchuan had accepted Zinifex’s offer for its 10.4% interest inAllegiance Mining NL. With Jinchuan’s acceptance, Zinifex will own more than 90% of Allegiance and will move to compulsorily acquire the outstanding shares and de-list the company.
Zinifex’s CEO, Mr Andrew Michelmore, said that Zinifex was very pleased to have gained Jinchuan’s support. “We view Jinchuan as a strategic partner particularly given Jinchuan’s leading position in China’s commodity markets which are growing rapidly. We are excited by the potential for expanding the relationship between the companies in relation to other base metal projects.”
Buddy34...she's all done and dusted....yr $5 pipe dream mate
Cheers Muzza
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