It was an old news refer to the ASX announcement on 13 August...

It was an old news refer to the ASX announcement on 13 August 2008. hence it may not be relevant, IMHO

JINCHUAN SECURES EQUITY STAKE IN FOX RESOURCES
Pilbara nickel explorer and producer, Fox Resources Limited (Fox) (ASX: FXR) is pleased to
announce that Chinas largest nickel producer, Jinchuan Group Limited (Jinchuan), has today secured
plans to subscribe for 18,800,000 fully paid ordinary shares in Fox at a premium issue price of A$0.95,
for an equity stake in the Company of 11%.
Jinchuan has received statutory approvals from the Provincial Government of Gansu Province and the
Central Government of the Peoples Republic of China to enter into a strategic agreement to take the
equity stake in Fox.
It is expected that the share issue and funds transfer will be completed within the next two weeks.
Jinchuan will be issued a further 8,000,000 attaching options exercisable at A$1.20 expiring
12 months after the issue of the 18,800,000 fully paid ordinary shares.
The funds raised from the issue will be applied to development of the Companys nickel projects,
process improvements to the Radio Hill mill and the acceleration of nickel exploration on the 3,000km2
of tenements accessible to Fox.
On finalisation of the initial share issue, a Jinchuan representative will be invited to join Foxs Board.