SFR 1.86% $10.40 sandfire resources limited

News: SFR Sandfire Resources acquires additional common shares of Tintina Resources

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    July 28 (Reuters) - Sandfire Resources NL (SFR) :

    • Sandfire Resources acquires additional common shares of Tintina Resources Inc.
    • Says purchased common shares represent 16.9 percent of currently outstanding Tintina common shares
    • Says purchased common shares will be held for investment purposes
    • Co, through unit, has agreed to purchase 54.6 million common shares of Tintina Resources Inc
    • To purchase the 54.6 million shares at a price per share of C$0.1305 for a total aggregate consideration of C$7.1 million
    • If warrants exercised in full, co to have beneficial ownership over 81.5% of Tintina's then issued, outstanding common shares
 
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