Medusa Mining shareholder cuts stake
Van Eck’s shareholding has been cut from 23.97mln shares to 13.27mln which means its voting power has been reduced from 11.54% of the total to 6.39%.
The company revealed last week it has attained future power security by striking a deal over 9000 hectares of coal operating contracts and forming a strategic alliance with Perth-based Swan Energy.
This alliance is to finance build and operate a 30 megawatt power station and be the exclusive power supplier to the group's operations.
Shares fell 3.8% to 63.5 cents on the Australian stock exchange.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment