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which company is drd after??

  1. dub

    27,266 posts.
    Hi,

    ************************************

    DRD cashes up ahead of Australasian acquisition

    Michael Quinn


    Tuesday, September 09, 2003
    DURBAN Roodepoort Deep has cashed-up with a US$43.14 million raising and is in discussions regarding the acquisition of an undisclosed asset.

    The funds came from the Investec Group's exercising of a call option on 18 million DRD shares, with the option due to expire next month.

    Chairman and CEO Mark Wellesley-Wood was quoted as being "elated" by the swift exercise of the option, with Investec being granted the option to call a further 9 million shares.

    In terms of the asset being assessed, the only clue was that it's located in Australasia.

    ****************************************

    bye.dub


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