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Blumont garners 12.75% of Genesis Resources

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

Published Fri, Dec 12, 2014 · 09:50 PM

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, representing a hefty 66.7 per cent premium …

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