https://www.miningweekly.com

Galaxy extends General Mining takeover

26th July 2016

By: Mariaan Webb

Creamer Media Contract Publishing Editor

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Lithium miner Galaxy Resources has extended the takeover offer period for its joint venture (JV) partner General Mining to August 5.

Since the offer opened on June 28, Galaxy has received acceptances for 72.4% of the fully paid ordinary shares in General Mining, giving it a total interest of 74.3% in General Mining.

The board of General Mining has recommended that shareholders accept the offer, which will give them 1.65 new Galaxy shares for every one General Mining share.

The two companies are JV partners in the Mt Cattlin project, in Western Australia.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Virtual Gas Network (Pty) Ltd
Virtual Gas Network (Pty) Ltd

Virtual Gas Network supplies compressed natural gas via a virtual gas distribution network.

VISIT SHOWROOM 
MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.046 0.775s - 110pq - 2rq
Subscribe Now