News blog

Bullabulling Gold

• BY: Andrew Hore |
• POSTED: 02/07/2014 |

ASX-listed Norton Gold Fields Ltd has received acceptances equivalent to 41.35% of Bullabulling Gold Ltd and it has extended the bid until 16 July.

The major shareholders Baker Steel (10.5%), Resolute (5.9%), CQS (2.3%), Close Asset Management (1.8%), Schroders (1.3%) and Henderson Global (1.2%) all accepted the bid just before the previous close. This means that the A$0.08 a share bid will remain open for another fortnight.

Norton is in a strong position to take majority control, although it is likely to have effective control with its current level of acceptances.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJune2014_57.pdf