Concept Systems International Ltd
Intend to acquire the executive recruitment business, mb2 . mb2 is the brainchild of Andrew Banks & Geoff Morgan. Andrew Banks has been on the board of CSI for the past 12 months, since his investment company, Morgan & Banks Investments, acquired an effective interest in the company of 32%. The acquisition of mb2 is subject to agreement on the final terms and conditions and then will be subject to shareholder approval. The sole consideration for the acquisition of mb2 will be shares in CSI proposed to be issued at 7.5c.
Heron Resources Ltd
Advises that there has been no pre-emption of the Offers by any of the joint venture partners in respect of its Offers to purchase the Golden State Resources Ltd nickel laterite assets. The parties will now proceed to completion of the Offers.
Following the necessary shareholder approvals, completion and settlement of the acquisition of 100% of the equity capital of Vectogen Ltd has occurred.
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