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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
Status: Pending
TRANSACTION DETAILS
Date Announced11/26/08
Date Originally Announced11/26/08
FormatAcq. Part. Int.Acquisition techniquesAcquiror is an Investor G; Privately Negotiated Purc
AttitudeFriendlyAgencyn/a
Value2.3 million U.S. Dollar
3.6 million Australian Dollar
Advisor Feesn/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
NameRMA Energy Ltd (Australia : RMT)
IndustriesCopper ores; Uranium-radium-vanadium ores
CityPerth, Western Australia
Staten/a
NationAustralia
Incorporated inn/a
Public StatusPublic
Business DescriptionRMA 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.
AdvisorsNULL
Target Salesn/a
ACQUIROR
NameInvestor Group
Industriesn/a
Cityn/a
Staten/a
NationChina
Incorporated inn/a
Public StatusPrivate
Business DescriptionInvestor group
AdvisorsNULL
Acquiror Salesn/a
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