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METRO MINING LIMITED — Capital/Financing Update 2014
May 5, 2014
65351_rns_2014-05-05_d6a7359b-dbce-4691-b483-d351a795a6aa.pdf
Capital/Financing Update
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ACN 117 763 443
ASX ANNOUNCEMENT
6[th] May 2014
MetroCoal Bid for Cape Alumina Closes with MetroCoal’s Shareholding at 57.22%
MetroCoal is pleased to announce that its on market bid for Cape Alumina Ltd (Cape), made on 18 March 2014, has closed. At bid close MetroCoal held 57.22% of Cape’s issued share capital.
Acquisition of this interest provides MetroCoal’s shareholders with exposure to the bauxite market, a bulk commodity with a favourable outlook, for a relatively small capital outlay. This acquisition also gives MetroCoal the opportunity to build a project pipeline based on bauxite assets in the near to medium term and coal assets in the longer term.
For further information, please contact: Mr Mike O’Brien Chief Executive Officer
Phone: +61 (7) 3249 3040 Fax: +61 (7) 3249 3041 Email: [email protected] Postal Address: GPO Box 122, Brisbane QLD 4001 Further information on MetroCoal can be found on our website www.metrocoal.com.au
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