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CORE ENERGY MINERALS LTD Capital/Financing Update 2007
64702_rns_2007-07-05_a9c9be6f-5eee-4e78-ba78-30efd859a9f5.pdf
Capital/Financing Update
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$ASX RELEASE - 6 JULY 2007$
Sale of Global Approach Limited Investment
Leading Australian e-commerce company, Jumbo Corporation Limited (ASX: JUM), announced today that it has sold its shareholding in Global Approach Limited (ASX: GLO). Jumbo's shareholding of 21,778,817 ordinary shares were sold on market for \$1,088,941 less brokerage costs.
As announced on 25 June 2007, Jumbo has entered into a conditional Heads of Agreement to acquire Manaccom, a specialist software publishing and distribution business. The Directors of Jumbo Corporation believe that the funds from the sale (\$1,088,941 gross) will be more beneficial to the Company to be utilised in the acquisition of Manaccom, which is a mature profitable growing business.
David Taplin, Company Secretary Email: [email protected] Web: www.jumbocorporation.com