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ASF Group Tops Up Interest In ActivEX Takeover To 42.03%

ASF Group (ASX: AFA) received further acceptances for its $0.015 per share cash on-market takeover bid for copper-gold explorer ActivEX (ASX:AIV), increasing its interest to 42.03%.

This increases its total shareholding to 150,047,821 shares, up from the previous 145,512,684.

The unconditional on-market takeover offer was made on 13 May 2013 and extends to shares to be issued under ActivEX's Rights Issue.

ActivEX has a portfolio of exploration projects focused on copper and gold across Queensland and one advanced potash project in Western Australia.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.