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.

Zeta increases GME and bauxite stakes Zeta increases GME and bauxite stakes Zeta increases GME and bauxite stakes Zeta increases GME and bauxite stakes 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.