Homeland Energy notifies GMR of intention to issue shares
Tue, Nov 18, 2008
Homeland Energy reports it intends to issue GMR Energy, shares at a price of about C$0.455/share.
On Nov 5, 2008, Homeland Energy announced that GMR of India had elected not to exercise the third of three options to purchase 40% of Homeland Mining & Energy, South Africa for US$135 million. Homeland also announced its intent to repurchase GMR’s current 10% ownership in accordance with the terms of the Share Purchase Agreement. Under the Share Purchase Agreement, Homeland has the ability to satisfy the obligation in cash or in shares of the Company on an average price as noted above.
For full details of this press release, click this link. Uranium Investing News researchers discovered Homeland Energy’s projects described on their website. Follow developments in uranium mining and exploration for free. Sign on to the Uranium Investing Newsletter.
Tags: coal, coal production, GMR Energy, Homeland Energy, Homeland Mining & Energy
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