ABER RESOURCES Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : ABER RESOURCES

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: George J. Tromp who wrote ()	6/26/2000 9:49:00 AM
From: The Vet	Read Replies (1) of 2006

How does this affect ABER? JOHANNESBURG, June 26 ( Reuters ) - South African diamond mining group De Beers said on Monday it intended to make a C$259 million cash offer for Canada's Winspear Diamonds Inc. De Beers said in a statement the cash offer of C$4.25 per Winspear common share, signifying a premium of 77 percent over Winspear's closing price on the Toronto bourse of C$2.40 on June 23, would be made through its wholly-owned Canadian subsidiary. "We believe that our offer provides full and fair value to Winspear shareholders, particularly given the pre-feasibility stage of the project, the technical and permitting risks involved and the significant expenditure that will be required to bring this project into production," Richard Molyneux, president and chief executive officer of De Beers Canada Corp said. Among Winspear's operations is an envisaged underground diamond mine at Snap Lake in Canada -- the country's first underground diamond mine -- which De Beers said it expected to bring it into production as quickly as possible.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next