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Gold One International Majority Shareholder BCX Gold Takes Stake Beyond 90%

Jul. 22, 2013 7:15 PM ET
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Gold One International's (ASX: GDO, JSE: GDO) largest shareholder BCX Gold Investment Holdings has increased its stake in the company to 90.03% from 88.77%.

This gives BCX Gold the right, but not the obligation to compulsorily acquire any remaining Gold One shares.

BCX Gold now has a six month period from 19 July 2013 to make an offer to acquire all the remaining Gold One shares.

The shareholders of BCX Gold consist of Baiyin Non-Ferrous Group Co. Limited, which is a subsidiary of the CITIC Group, together with the China-Africa Development Fund, which is a subsidiary of the China Development Bank, and Long March Capital Group.

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.

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