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Blumont garners 12.75% of Genesis Resources

Progress in bid for Australia-listed miner comes from share subscription, acceptances

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The office of Blumont Group at Central Plaza.

Singapore

BLUMONT Group has progressed in its bid to acquire Genesis Resources fully, having garnered an interest of 12.75 per cent of the Australia-listed miner so far.

Blumont on Friday agreed to subscribe for 15 million ordinary shares of Genesis at A$0.10 (S$0.108) apiece,