Better get the drillbit turning and see why ASF is so keen to takeover us for peanuts.
ASF Group increases stake in ActivEX to 26.8% Monday, June 03, 2013 by Bevis Yeo
ASF Group increases stake in ActivEX to 26.8%
ASF Group (ASX: AFA) has increased its stake in copper-gold explorer ActivEX (ASX:AIV) to 26.8% with more investors taking up its on-market takeover offer of $0.015 cash per AIV share.
This is up from the previous 25.53% and increases its total shareholding to 65,617,150 shares.
The unconditional on-market takeover offer was made on 13 May 2013 and extends to shares to be issued under ActivEX's Rights Issue.
ActivEX has a portfolio of exploration projects focused on copper and gold across Queensland and one advanced potash project in Western Australia.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.
AIV Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held
