Latest Chinese Mining News Headline
 Tuesday, May 13, 2008
ABRA MINING LIMITED and HUNAN NONFERROUS METALS CORPORATION LIMITED
Hunan Nonferrous Metals Corporation Limited announced that it intends to make a proportional takeover offer for 70% of the shares in Abra Mining Limited which Hunan does not currently own. Hunan currently owns 17.8% of the Abra shares. Under the offer, Hunan will offer $0.83 cash per Abra share for 7 of every 10 Abra shares not held by Hunan. The Board of Abra unanimously recommends that Abra shareholders accept the offer, in the absence of a superior proposal.
(Complete Text of May 13, 2008 News Release) PDF |
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