On 10 November 2010, Wah Nam International Holdings Limited (HKG:0159) (ASX:WNI) announced its intention to make an unsolicited takeover offer (Offer) for FerrAus Limited (ASX:FRS), via a wholly owned subsidiary. On the same day, Wah Nam also announced its intention to make a simultaneous, unsolicited offer for Brockman Resources Limited (ASX:BRM).
FerrAus Limited (ASX:FRS) (PINK:FRRAF) update on its A$35 million Placement Settlement with Wah Nam International Australia Pty Ltd, a wholly owned subsidiary of Wah Nam International Holdings Limited (HKG:0159).
FerrAus Limited (ASX:FRS) (PINK:FRRAF) update the market in respect of developments relating to the takeover offer by Wah Nam International Australia Pty Ltd, a wholly owned subsidiary of Wah Nam International Holdings Limited (HKG:0159) and its implications on the FerrAus' A$35 million Placement which was due to settle today.
Venus Metals Corporation Limited (ASX:VMC) have identified a number of north-northwest trending en-echelon responses, some that are coincident with gravity anomalies over the Yarrie East project area in the Telfer North Super Project Area. Resource Potentials believe the anomalies represent layered ultramafic and are considered prospective for Cu/Ni/PGE massive sulphides.
FerrAus Limited (ASX:FRS) (PINK:FRRAF) has successfully completed the bookbuild for its A$35 million placement as approved by shareholders at the Extraordinary General Meeting held in Perth on 24 January 2011.
Emu Nickel NL (ASX:EMU) announce that three diamond drill holes (totalling 1,359 metres) have been completed at the Emu Lake nickel project, 70km north east of Kalgoorlie. The drilling was designed to test multiple electromagnetic (EM) conductor targets in three areas at Binti South, some 500m to 1000m south of the Binti Gossan zone.
Australian Market Report of January 25, 2011 includes: Hunnu Coal Limited (ASX:HUN) has acquired a further 15% interest in the Unst Khudag Coal Mine and surrounding licenses in Mongolia; Integra Mining Limited (ASX:IGR) has completed Mineral Resources estimations for a number of new gold deposits; Enterprise Metals Limited (ASX:ENT) has received assay results at Burracoppin Iron Project in Western Australia; IMX Resources Limited (ASX:IXR) reported more high grade nickel sulphides in Tanzania.
