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Blumont Group Ltd Updates On Proposed Investment In Prospect Resources Limited


Thursday, 31 Oct 2013 06:51am EDT 

Blumont Group Ltd announced that with reference to the announcement made on July 11, 2013, in relation to proposed subscription for 325,000,000 new shares in Prospect Resources Limited (the Issuer) by a newly incorporated entity jointly held by the Company, Alexander Molyneux and Pacific Advisers Pte Ltd (collectively, the Consortium). The Company now announced that the Consortium has issued a notice (Termination Notice) to the Issuer dated October 31, 2013 to terminate the Subscription Agreement with immediate effect. The Termination Notice was issued as the Condition had not been satisfied or waived by the Consortium on October 30, 2013. 

Company Quote

0.0060
-0.0010 -14.29%
8 Jul 2014