Asian Activities Report for April 28, 2011: Sinotech To Invest A$12.4 Million In Enterprise Metals Limited (ASX:ENT)
Sydney, April 28, 2011 AEST (ABN Newswire) - Enterprise Metals Limited (ASX:ENT) and Sinotech Minerals Exploration Co., Ltd. signed Memorandum of Understanding Agreement for Sinotech to subscribe for 62 million shares in Enterprise at A$0.20 per share. The Placement will raise A$12,400,000 to accelerate exploration on Enterprise's existing projects and to develop possible new opportunities.
Resource Star Limited (ASX:RSL) has identified significant rare earth anomalies through a systematic soil survey at its 90%-owned Ilomba Hill Project in Malawi. Historic sampling had previously identified niobium and uranium mineralisation. The Company plans to commence mapping and sampling for an initial shallow drill-testing program.
Computershare Limited (ASX:CPU) has agreed to acquire The Bank of New York Mellon Corporation's (NYSE:BK) Shareowner Services Business for a total value of USD 550 million. The Shareowner Services Business is a leading provider of Transfer Agency and Employee Equity Plan services to US publicly listed companies. It has about 950 Transfer Agent clients and about 200 Employee Equity Plan clients. Shareowner Services Business generated USD 291 million in revenue for the calendar year 2010.
Spitfire Resources Limited (ASX:SPI) said today that drilling at its South Woodie Woodie Manganese Project in Western Australia has identified significant extensions to the zone of near-surface manganese mineralisation discovered at the Contact discovery last year. Drilling intersects a substantial new deeper zone which is up to 46m thick and 50m below surface. The Company has established an Exploration Target of 5-10Mt grading 15-25% Mn for the Contact discovery.
Asia Business News
The Bank of New York Mellon Corporation
Resource Star Limited
Enterprise Metals Limited