Water Island Capital LLC acquired 40,753,813 ordinary shares in Gold One International (ASX: GDO) in on market purchases between 16th May 2011 and 20th September.
Water Island Capital now holds a 5.04% stake in Gold One.
Gold One recently signed financing agreements with Investec Bank for the acquisition of Rand Uranium Limited, and its gold production of 28,511 ounces for the June 2011 quarter exceeded expectations at its newly built shallow Modder East mine in South Africa.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/19894/gold-one-international-water-island-capital-becomes-substantial-shareholder-19894.html
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