Fremantle-based Andean Resources plans to raise $C90 million ($A97 million), fully underwritten by a syndicate of brokers, for its Cerro Negro gold project in Argentina.
Fremantle-based mineral explorer Andean Resources Ltd will raise $9.8 million though a share placement to fund exploration at its Cerro Negro gold project in Argentina, ahead of listing on the Toronto Stock Exchange.
THE takeover saga between Perth-headquartered gold explorer Andean Resources Ltd and suitor Kingsgate Consolidated Ltd has taken another turn with Kingsgate declaring its takeover bid unconditional.
Perth-headquartered gold explorer Andean Resources Ltd today released its target's statement on the unsolicited takeover bid from Kingsgate Consolidated Ltd, blasting the all-scrip offer as inadequate and opportunistic.
Perth-headquartered gold explorer Andean Resources continues to advise shareholders to take no action on the off-market takeover advances of Kingsgate Consolidated Ltd.
Andean Resources Ltd - 18-Jun-04Andean now holds 73.66% comprising 16,517,450 ordinary shares in Oroplata out of a total 22,423,450 ordinary shares in Oroplata presently on issue.
Andean Resources Ltd (formerly Kanowna Consolidated) - 27-May-04Lodged the bidder's statement in relation to its off-market offer to acquire all of the remaining shares in Oroplata Limited at 2.05 cen
01 Jun 2004
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