NIP 0.00% 38.5¢ niplats australia limited

CFE sold some of their holding, will be interesting to see who...

  1. 11 Posts.
    CFE sold some of their holding, will be interesting to see who bought them

    NiPlats Australia Limited (NiPlats or the Company) (ASX: NIP) is has been made aware that Mineral
    Securities Holdings Pty Ltd (subsidiary of Cape Lambert Resources Ltd ASX code: CFE) has reduced its
    shareholding in the Company by 10,000,000 shares.

    Cape Lambert Resources Ltd now holds 22,500,000 shares (representing 19.8%).
    The transaction was originated and completed through broking firms that recently participated in the
    NiPlats placement and underwriting of Share Purchase Plan.
    The Board greatly appreciates the support of Cape Lambert over the last 12 months and believe that this
    strategic divestment provides an excellent entry opportunity for professional investors in NiPlats ahead of
    the 2010 exploration program at Speewah Dome.
    Cape Lambert Resources Ltd has reserved the right to further reduce their stake in the coming months at
    prices which will not be less than 40 cents per share.
    Interested professional investors should contact Anthony Barton, Chairman of NiPlats Australia Limited.
    Richard Wolanski
    Director
 
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