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News: Capital Mining to update on acquisition

  1. Capital Mining (ASX:CMY) has been granted a trading halt by the Australian Stock Exchange, pending additional details on the potential acquisition of ‘HexStudy’ revealed in October 2014.

    At the time Capital Mining entered into a Memorandum of Understanding to acquire up to 35% of the shares in Beijing Xingang Zhiyuan Technology Co., Ltd that owns, develops and operates the Cloud-learning HexStudy educational Platform.

    At the AGM on 27 November 2014 shareholders approved the issue of shares to raise up to $2,000,000.

    The halt will remain in place until the opening of trade on Wednesday 4th February 2015, or earlier if an announcement is made to the market.

     

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