Mineweb.com reports that Sphere Mineral's (ASX:SPH) stock shot up when it was announced that Xstrata (LON:XTA) had placed a bid to take them over.
Articles Tagged "ASX:SPH"
The Australian.com reports that Sin-Tang's financing proposal has been rejected by Sphere (ASX:SPH), that was in competition with Xstrata's(LON:XTA) $514m takeover offer.
Sphere Minerals Limited: ASX:SPH, a West African focused Iron ore company, has announced that it has agreed to place 20,654,000 shares at A$1.60. This share will raise gross proceeds of to a total of $33,046,400. Alexander Burns, Managing Director of Sphere Minerals Limited is quoted saying: “The Placement was jointly managed by GMP Securities Europe [...]