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Articles by Dempsey Minerals
Empire has Supreme Court win
Empire Resources has had a win in the Supreme Court of Western Australia, after an injunction order sought by the company’s joint venture partner Brimstone, relating to an overdue payment, was dismissed today. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Empire shareholders seek board spill
A group of dissident shareholders at Empire Resources are seeking a board overhaul, after requesting a general meeting to remove its three directors, including managing director David Sargeant.
Wheatbelt may grow new golden crop
THE gold push into Western Australia’s Wheatbelt is approaching a tipping point, with theory giving way to movement on the ground and plans ramping up for projects on prime farmland, which will surely trigger heated political and environmental debate. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Cool reaction to Altona acquisition
The market has reacted coolly to the announcement that Altona Mining will be bought by Canada-based Copper Mountain Mining in a scheme of arrangement. Altona’s share price finished at 14 cents today, up from 12 cents at the start of the day, with the acquisition valuing the company at $93 million, or 17 cents per share. Under the agreement, each Altona share will be exchanged for 0.0974 Copper Mountain shares. To read more, please Login or Register below
Venturex raise $4m to advance Sulphur Springs
Venturex Resources will raise $4 million through a share placement with funds to be used to advance the company’s Sulphur Springs copper-zinc project, 150km south east of Port Hedland. The company was oversubscribed for the placement, which entails the sale of 222 million shares at 0.18 cents per share, a 10 per cent discount on the closing price on Wednesday. Canaccaord Genuity and Euroz Secuties will act as joint lead managers for the placement. To read more, please Login or Register below
Little shareholder interest in Lepidico takeover
Lithium Australia’s $23.8 million takeover offer for lithium-focused rival Lepidico looks set to fall short, with only 18.28 per cent of shares having accepted the offer a week out from its closing date. As of today, Lithium has received total acceptances of 18.02 per cent, which includes Lithium’s holding in the target (about 17.7 per cent) and pre-bid acceptances. A further 56 Lepidico shareholders have taken up the offer, representing a further 0.26 per cent.
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