China Growth Minerals ups stake in Botswana-focused Impact

Friday, March 26, 2010

Hong Kong-based China Growth Minerals (CGM) has increased its shareholding in ASX-listed uranium developer Impact Minerals to 10,1 percent, making it the company's largest shareholder.

In September, CGM reached an agreement with Polo Resources to acquire an initial 5,92-million ordinary shares in Impact, for 17,5c a share.

CGM also had the option to acquire a further 5,92-million shares from Polo. CGM has now exercised that option.

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China Growth Minerals ups stake in Botswana-focused Impact

Hong Kong-based China Growth Minerals (CGM) has increased its shareholding in ASX-listed uranium developer Impact Minerals to 10,1 percent, making it the company's largest shareholder.

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