CAPITAL MARKETS

Chinese keen on Bannerman

URANIUM hopeful Bannerman Resources has received a conditional proposal from China's Hanlong Mining Investment offering A61.2c per share for 100% of Bannerman's shares via a scheme of arrangement.

Kristie Batten
Chinese keen on Bannerman

The proposal price implies a value of $143 million. Bannerman said the approach has been timed to take advantage of the company’s low share price in the wake of the Fukushima nuclear crisis and weakness...

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