MED merlin diamonds limited

Sorry to post again but there seems to be a lot of shares being...

  1. 523 Posts.
    lightbulb Created with Sketch. 3
    Sorry to post again but there seems to be a lot of shares being thrown around between the 'big boys' at 21c these days as well as the note converting at 22c.

    Furthermore, I wonder who will be mopping up these shares? A sale of convenience or necessity...?

    Legend International Holdings, Inc. (OTCBB:LGDI), (“Legend”), announces that it has entered into an agreement to sell 24 million ordinary shares (approximately 16.9%) in Merlin Diamonds Limited at a price of 21 cents per share which amounts to A $5.04 million. Closing will occur in 60 days. Following the closing, Legend will hold a 25.03% interest in Merlin Diamonds Limited.

    http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=57340958&topic=LGDI&symbology=null&cp=off&webmasterId=89753




 
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