Namibian Minerals Corporation Message Board

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Gold/Mining/Energy : Namibian Minerals Corporation

NMR 6.960

-0.3%

Nov 5 3:59 PM EST

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To: The Barracuda™ who wrote (69)	9/3/1999 10:02:00 AM
From: PHILLIP FLOTOW	Read Replies (1) of 124

News today from Bloomberg (edited, can not cut/paste) Business Report newspaper said, citing unnamed sources, Namibian Minerals is raising as much as 70 million rand ($11.6 million [US$, I guess]) to buy an 18% stake in Ocean Diamond Mining Holdings, Ltd. from South African businessman Christo Wiese, which would bring its stake to more than 50%. Earlier this year Namibian thwarted a planned merger between Ocean and Trans Hex Group Ltd. by aquiring enough shares to veto the transaction. Trans Hex yesterday said it has held talks with both Ocean and Namibian, though a merger between the 3 companies is not imminent. --Anony Squazzin in Johannesburg bureau (27 11) 784-9944/tc PHIL (Robert:DFI Toronto)

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