| Acceptance Forms Received for 19.1% of Gulf Alumina Ltd Shares | |
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26f3f2a8-fdfc-4dc8-a09a-0661bb6eb34f.pdf
ASX ANNOUNCEMENT
5 January 2016
Metro Mining Receives Acceptance Forms for 19.1% of Gulf Alumina Limited Shares
Metro Mining Limited (ASX: MMI) (Metro) has received acceptance forms for 16.3 million Gulf Alumina Limited (Gulf) shares, which represents 19.1% of Gulf's shares on issue.
The majority of the acceptance forms have been received from Gulf's largest and key founding shareholders.
Metro is in the process of transferring an additional 2.5 million Gulf shares to MMI (representing 2.9% of Gulf's shares on issue) as announced to the ASX on 2 December 2015. This transfer is part of the acquisition agreement with Equity & Permanent Investment Capital Limited, which is on the same terms as the Offer.
The 16.3 million Gulf shares that are part of the acceptance forms, and 2.5 million Gulf shares that are part of the acquisition agreement total 18.8 million Gulf shares or 22.1% of Gulf's shares on issue.
ASX Announcement | 5 January 2016 | Page 1
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Alumina Limited
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PRODUCER |
CODE : AWC.AX |
ISIN : US0222051080 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Alumina Ltd. is a exploration company based in Australia. Alumina Ltd. produces bauxite in Australia, in Brazil, in Jamaica and in Suriname, and holds various exploration projects in Brazil. Its main assets in production are HUNTLY / WILLOWDALE in Australia, MOCHO in Jamaica, MOENGO in Suriname and TROMBETAS RIVER in Brazil and its main exploration property is JURUTI in Brazil. Alumina Ltd. is listed in Australia, in Germany and in United States of America. Its market capitalisation is AU$ 4.2 billions as of today (US$ 2.7 billions, € 2.5 billions). Its stock quote reached its highest recent level on July 13, 2007 at AU$ 5.10, and its lowest recent point on March 13, 2009 at AU$ 0.54. Alumina Ltd. has 2 879 840 000 shares outstanding. |