Tata Chemicals finishes purchase of share in EPM mining ventures

Tata Chemicals Ltd has notified Bombay Stock Exchange that the Firm’s totally possessed subsidiary Gusiute Holdings (UK) Ltd (GHL) has finished the previously published stock purchase of 4,378,000 General Stocks at purchase cost of C$2.00 each stock pursuant to a Stock Purchase Contract dated 23 August, 2011 with founding shareholders of EPM.

GHL also finished the formerly released purchase of single unit (the “Unit”) of EPM at a purchase value of C$16,000,000 (the “Subscription”) pursuant to a subscription contract dated 23 August, 2011 with EPM (the “Subscription_Agreement”). The Unit contains 8,000,000 General Stocks and 8,000,000 general stock purchase warrants. Every Warrant entitles the owner to sign up for 1 General Stock at a cost of C$2.00 each stock until 02 September, 2012.

Upon finishing of the above transactions, and presuming exercise by GHL of all of the Warrants, there will be 121,225,889 General Stocks outstanding of which GHL will possess or control (directly or via its totally-owned subsidiary, Valley Holdings Inc.) 37,055,612 General Stocks, representing 30.6per cent of the outstanding General Stocks of EPM.

Be Sociable, Share!
Tags: , , ,

Stock Market Basics For Beginners

Role Of Registrar In Issue

Role Of Registrar In Issue Registrar finalize eligible allottes list following eliminating the invalid applications as well as makes sure that the crediting of shares towards the demat-account's of the ...…

Intraday Trading

Intraday Trading This site provide intra tips  Subscribe For Indra day F&O – Shart term investment  Tips   Every trader is tempted about how Intraday trading can be carried ...…

Why does Securities Market require Regulators?

Why does Securities Market require Regulators? The lack of conditions of best competitors in the securities market creates the position of the Regulator very important. The regulator makes sure that the ...…

Why Do Companies Split Their Stock? Stock Split Good?

Why Do Companies Split Their Stock? Stock Split Good? [ad name="468x15- 5 link"] A company splits their stock because administration has a theoretical ideal price range for the firm’s stock. If the market price of ...…

Active Stock

Active Stock Share in which there are actually regular and day-to-day dealings, as distinguished from partly effective stocks in which dealings (buy-sell) aren't so frequent. Most 'shares or ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics