RMA Energy Ltd & Investor Group | Update Date: 12/18/08 |
| Date Announced: 11/26/08 |
Value (million $USD): 2.3 million U.S. Dollar 3.6 million Australian Dollar |
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| Status: Pending | |
| TRANSACTION DETAILS |
| Date Announced | 11/26/08 | | |
| Date Originally Announced | 11/26/08 | | |
| Format | Acq. Part. Int. | Acquisition techniques | Acquiror is an Investor G; Privately Negotiated Purc |
| Attitude | Friendly | Agency | n/a |
| Value | 2.3 million U.S. Dollar 3.6 million Australian Dollar | Advisor Fees | n/a |
| SYNOPSIS |
| AUSTRALIA - An investor group, comprised of China Railway Resources Co Ltd, a wholly-owned unit of Chinese state-owned China Railway Engineering Corp's 58.3%-owned China Railway Group Ltd subsidiary, and Bounty Resources International Ltd, a greed to acquire a 45.81% stake, or 72 mil new ordinary shares, in RMA Energy Ltd, a base metals and coal mining company, for 0.05 Australian dollar ($0.033 US) per share, or a total value of A$3.6 mil ($2.338 mil), in a privately negotiated transaction. |
| TARGET |
| Name | RMA Energy Ltd (Australia : RMT) |
| Industries | Copper ores; Uranium-radium-vanadium ores |
| City | Perth, Western Australia |
| State | n/a |
| Nation | Australia |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | RMA Energy Ltd is a base metals, coal and uranium mining company headquartered in Perth, Western Australia. Its projects include the Uranium and base metals project in McCauley Creek, tin and uranium project in Coane Range, and coal projects in Emerald, Moonie and Bulburrum sites. The company was established in February 2007. |
| Advisors | NULL |
| Target Sales | n/a |
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| ACQUIROR |
| Name | Investor Group |
| Industries | n/a |
| City | n/a |
| State | n/a |
| Nation | China |
| Incorporated in | n/a |
| Public Status | Private |
| Business Description | Investor group |
| Advisors | NULL |
| Acquiror Sales | n/a |
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