Blumont takes 43% stake in uranium miner

Fri, Sep 12, 2014 - 6:00 AM

Kenneth Limkenlim@sph.com.sg@KennethLimBT

BLUMONT Group now holds a 43.08 per cent stake in privately held uranium miner Azarga Resources after converting US$19.1 million worth of convertible notes.

The notes were converted into Azarga stock at 50 US cents per share. Azarga is not listed, so there is no open-market price

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