Proactive Investors - Run By Investors For Investors

Anglo Pacific moves onto Berkeley Resources register

Berkeley Resources has a new major shareholder as Anglo Pacific Group Plc has announced the acquisition of shares in Berkeley in November and December 2008.
Anglo Pacific moves onto Berkeley Resources register

In a vote of confidence for Berkeley Resources, the Anglo Pacific Plc (ASX:AGP/LSE:APF) has moved onto the Berkeley Resources (ASX:BKY) share register with the acquisition of 5.4 million shares in Berkeley via on-market purchases at prices from 16 cents to 30 cents in late 2008.  Anglo Pacific is now one of the largest shareholders in Berkeley with 5.2 per cent of the company.

In 2008, Berkeley Resources struck a Co-operation Agreement with ENUSA Industrias Avanzadas S.A. (ENUSA), in which Berkeley will undertake a Feasibility Study to evaluate the re-commencement of uranium mining based on ENUSA and Berkeley’s assets in Salamanca Province, Spain.

Berkeley’s objective is to generate a total resource base for the project of over 65m lbs of U3O8 and to complete a Feasibility Study within 18 months of approval of shareholders in January 2009.

Berkeley Resources was trading at 33 cents.

View full profile View Profile

Timeline

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use