Gold One International (ASX: GDO, JSE: GDO) significant shareholder Water Island LLC has increased its interest in the company.
Water Island acquired 13.17 million shares during October to move to 61.92 million shares equal to a 7.65% stake. Consideration was an average price of $0.53 per share.
Gold One International (ASX: GDO) is currently under an offer from a Chinese consortium which includes a cash offer of A$0.55 per Gold One share and a minimum A$150 million capital injection into Gold One - which would secure a 60% to 75% stake. The consortium currently holds around a 19% stake.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/21365/gold-one-international-substantial-shareholder-increases-stake-21365.html
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