Mineral Securities
Mineral Securities Limited (“Minsec”) is a highly innovative and successful Resource Investment House that makes early stage equity investments in resource companies and projects with a focus on identifying under valued or emergent resource projects that can be developed into successful and viable operations.
Minsec holds direct and indirect investments in Australia, Chile, China, Greece, Kazakhstan, Kyrgyzstan, Mozambique, South Africa and Zambia
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
Other Mineral Securities articles
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15/07/08 Mineral Securities - An emerging mid-tier mining group, trading like a depressed junior
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20/03/08 Mineral Securities: another friendly merger
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21/12/07 Mineral Securities: diversified investments reaping dividends
Other Mineral Securities news
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06/06/08 Mineral Securities extends merger deadline with CopperCo
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16/05/08 Mineral Securities merger one step closer
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15/04/08 Mineral Securities says independent expert values company at A$2.57 per share
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19/02/08 Mineral Securities says merger highly complementary
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01/02/08 Mineral Securities ends share purchase agreement
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29/01/08 Minsec and CopperCo announce merger
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21/12/07 Mineral Securities boosts stake in Tianshan
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29/11/07 Mineral Securities Chairman outlines vision