Conquest Mining Limited (ASX:CQT) Secures Control Of North Queensland Metals (ASX:NQM)
As at close of business last Friday, Conquest controlled 55.79% of the NQM shares.
Commenting on the milestone Conquest Executive Chairman Jake Klein said:
"We welcome the NQM shareholders to the Conquest share register and thank them for their support of our offer. At the same time we urge those NQM shareholders who have yet to accept Conquest's offer to do so as soon as possible. The completion of the acquisition of NQM will be an important step in Conquest's ambition to grow into a sustainable and profitable mid-tier gold producer."
Conquest's takeover offer for NQM is unconditional and due to close on October 1 2010 (unless extended further in accordance with the Corporations Act).
North Queensland Metals Limited
Conquest Mining Limited