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Zeta increases GME and bauxite stakes

LISTED investment company Zeta Resources is to substantially increase its stakes in GME Resources and unlisted major bauxite contender Alliance Mining Commodities via its A$50 million scrip acquisition of another investment company called Axelrock.

Michael Quinn
Zeta increases GME and bauxite stakes

Zeta’s stake in GME will go from 10% to 44% and from 1% in AMC to 28% by issuing Axelrock 110.8 million Zeta shares at a deemed price of 45.2c. Zeta shares haven’t traded consistently at that level for...

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