Sunday 30 October 2011

Gold One International substantial shareholder increases stake

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

No comments:

Post a Comment