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Mining
Capital Mining Ltd

Capital Mining to update on acquisition

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Capital Mining (ASX:CMY) has been granted a trading halt by the Australian Stock Exchange, pending additional details on the potential acquisition of ‘HexStudy’ revealed in October 2014.

At the time Capital Mining entered into a Memorandum of Understanding to acquire up to 35% of the shares in Beijing Xingang Zhiyuan Technology Co., Ltd that owns, develops and operates the Cloud-learning HexStudy educational Platform.

At the AGM on 27 November 2014 shareholders approved the issue of shares to raise up to $2,000,000.

The halt will remain in place until the opening of trade on Wednesday 4th February 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Capital Mining Ltd

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Market: ASX
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