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Wednesday, October 26, 2011

[CPSI NewsAlert: Banpu Declares Hunnu Takeover Bid Unconditional]

CPSI NewsWire brings you market updates on Mongolia, compiled by CPS International, a Mongolian marketing arm of CPS Securities, a Perth, WA based stockbroking and corporate advisory firm, specialising in capital raising for mining and junior stocks.

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HUN now at A$1.795 after the announcement, 0.5c below offer price

Banpu Declares Hunnu Takeover Bid Unconditional

October 26 (Mogi) --

Banpu declares off-market takeover bids for Hunnu Coal (ASX:HUN) unconditional as it announces its interest in the company to have reached 50.18% of all shares.

The main terms and conditions now waved are reaching a minimum acceptance of 90% of all shares during the offer period and ASX 200 index not falling below 3,500.

Link to release

Disclosure: CPS Securities was a lead manager in Hunnu’s IPO

 

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"Mogi" Munkhdul Badral

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CPS International LLC

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Email: mogi@cpsinternational.mn

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CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.

 

Disclosure/Disclaimer

CPS Securities, its directors and employees advise that they may hold securities, may have an interest in and/or earn brokerage and other benefits or advantages, either directly or indirectly from client transactions mentioned in correspondence from CPS International.

CPS International advise this email contains general information only and does not include advice. In preparing this communication, CPS International did not take into account the investment objectives, financial situation and particular needs of any person. As with any speculative mining company there are significant risks.

 

 

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