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ASF Group tops up interest in ActivEX to 27.8%

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ASF Group (ASX: AFA) has received further acceptances for its $0.015 per share cash on-market takeover bid for copper-gold explorer ActivEX (ASX:AIV), increasing its interest to 27.8%.

This is up from the previous 26.8% and increases its total shareholding to 68,067,148 shares.

The unconditional on-market takeover offer was made on 13 May 2013 and extends to shares to be issued under ActivEX's Rights Issue.

ActivEX has a portfolio of exploration projects focused on copper and gold across Queensland and one advanced potash project in Western Australia.

 

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.

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Price: 0.051 AUD

Market Cap: $40.43 m

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