Tata Chemicals finishes acquiring share in EPM mining ventures

Tata Chemicals Ltd has informed Bombay Stock Exchange which the Firm’s totally owned subsidiary GHL has concluded the earlier released stock buying 4,378,000 Common Shares at buying cost of C$2.00 each stock pursuant to a Share_Purchase_Agreement dated 23 August, 2011 with beginning shareholders of EPM.

GHL also finished the earlier released buying 1 unit (the “Unit”) of EPM at a buying cost of C$16,000,000 (the “Subscription”) pursuant to a membership contract dated 23 August, 2011 with EPM (the “Subscription Agreement”). The Unit contains 8,000,000 Common Shares and 8,000,000 common share buying warrants. Every Warrant allows the holder to sign up for a single Common Share at a cost of C$2.00 each stock until 02 Sep, 2012.

Upon finishing of the above transactions, and presuming exercise by GHL_of all of the Warrants, there will be 121,225,889 Common Shares exceptional of which GHL_will own or control (directly or via its totally-owned subsidiary, Valley Holdings Inc.) 37,055,612 Common Shares, representing 30.6percent of the exceptional Common Shares of EPM.

Be Sociable, Share!
Tags:

Stock Market Basics For Beginners

Balance of Trade

Balance of Trade [ad name="468x15- 5 link"] Balance of Trade (BoT) indicate different in value, in a period of time, between a country’s imports and also exports of ...…

4 Blunders To Avoid While Stock Markets Fall

4 Blunders To Avoid While Stock Markets Fall The current outlook on the market seems utmost pessimistic on concerns of High crude oil prices, inflation, high interest hurting corporate earnings etc. Analyst on ...…

Definition for Bond

Definition for Bond A bond is a debt security issued for a period of more than one year with the purpose of raising capital by borrowing. The bonds ...…

When Begins Investing

When Begins Investing [ad name="Banner 468 x 60 Text emage"] The quicker one begins investing the better. By investing very early a person allow investment funds a longer period ...…

Which Site Give Guide About Penny Stock?

Which Site Give Guide About Penny Stock? We have included the part on Penny Stocks to create novice traders wise to these types of scams. We have viewed a lot of web ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics