Proactive Investors - Run By Investors For Investors

A-Cap Resources substantial shareholder China Growth Minerals ups stake to 21.22%

A-Cap Resources substantial shareholder China Growth Minerals ups stake to 21.22%

A-Cap Resources (ASX:ACB) substantial shareholder China Growth Minerals Limited has increased its interest to 21.22% to 19.99%.

China Growth had acquired 8,785,715 shares for $483,214 through the company’s entitlement offer while its parent Ansheng Investment acquired 6,071,429 shares for $333,929.

This brings their total shareholding up to 66,857,144 shares.

The company had offered shareholders 1 new share for every 3.5 shares, or 81,824,282 shares to raise $4.48 million.

Shareholders had applied for 28,729,321 shares, while Ansheng will subscribe for the remaining shares as part of the underwriting agreement.

Funds from the offer and the earlier $1.32 million placement will enable critical path drilling, process design and environmental work at its Letlhakane Uranium Project in Botswana to commence immediately.

 

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.

View full ACB profile View Profile

A-Cap Resources Ltd Timeline

Newswire
June 20 2016

Related Articles

Mark Wilson and Mark Creasy with a Nova-Bollinger core sample Creasy showed Wilson, telling him, ‘There’s what you’re looking for, now go find it’
February 21 2019
A Creasy team will move to Rockford next as exploration resumes.
wedding rings
July 04 2019
Alba holds 11.765% of the Horse Hill project near Gatwick Airport in the UK’s Weald basin
1557833995_Kincora-drill-rig.jpg
May 14 2019
Kincora has a huge swathe of ground in Mongolia which it is now getting ready to drill

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use