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.
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