| Title: | Red Desert Minerals Pty Ltd intends to acquire a minority stake in Washington Resources-EL 25434 from Washington Resources Ltd |
| Price: | $48.00 |
| Publication Date: | May 09, 2008 |
| Abstract: | AUSTRALIA - Red Desert Minerals Pty Ltd (RD), a wholly-owned unit of Western Desert Resources Ltd, was granted an option to raise its interest to 80% from 51%, by acquiring a further 29% stake in EL 25434 (EL) of Washington Resources Ltd, a platinum and gold mining company, for 0.7 mil Australian dollars ($0.66 mil US). Concurrently, RD was granted an option to acquire a 51% interest in EL. |
| Acquirer: | Red Desert Minerals Pty Ltd |
| Acquirer Business Discription: | Gold,uranium,base metal mining |
| Acquirer Ultimate Parent: | Western Desert Resources Ltd |
| Acquirer SIC Code: | 1041 - Gold ores |
| Target Name: | Washington Resources-EL 25434 |
| Target Business Description: | Nickel,copper,platinum mining |
| Target Ultimate Parent: | Washington Resources Ltd |
| Target SIC Code: | 1061 - Ferroalloy ores, except vanadium |
| Please Note: | Target Financials are not included in this report.
Transaction Statistics are not included in this report. |
| Format: | 
Adobe Acrobat
|
| Free Sample: |
Click
Here
to Download
|
