[cpsinewswire] [CPSI News Alerts: Hunnu Trading Halt; Blina Opens Mongolia Subsidiary; Xanadu Stategic Alliance with Noble Group and Placement]

CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.

Wish to unsubscribe? Let me know.

 

Hunnu Coal in Trading Halt Pending an Announcement

February 3 (Mogi) Hunnu Coal Limited (ASX:HUN) securities will be placed in pre-open at the request of the company, pending an announcement by the company. HUN will remain in trading halt until the earlier of Monday, February 7 or the release of the announcement.

Link to release

 

 

Blina Diamonds Establishes Mongolian Subsidiary

February 3 (Mogi) Blina Diamonds NL (ASX:BDI) announced this morning the establishment of Blina LLC in Mongolia. Blina LLC will be the BDI’s corporate vehicle to pursue projects in Mongolia, the release states.

Link to release

 

 

Xanadu Mines and Noble Group Form a Strategic Alliance in Mongolia

February 3 (Mogi) Xanadu Mines Ltd (ASX:XAM) announced this morning of a Strategic Alliance with Noble Group (SGX:N21), to explore and develop coking coal, iron ore and ferro alloys opportunities in Mongolia.

Xanadu and Noble signed an agreement today on the scope of the Strategic Alliance. Subject to formal agreements, Xanadu and Noble will participate in the Alliance by forming 50:50 JV companies. Existing Xanadu assets are not part of the Alliance.

As part of today’s agreement, Xanadu will issue up to 10,429,726 shares at 70c (raising up to A$7.3M) to Noble on March 11, 2011, based on a 10 day VWAP, to take Noble’s interest in Xanadu to 9.9% at that date. Funds raised will be used exclusively to fund exploration and development in Mongolia.

Xanadu Chairman Brian Thornton commented: “the strategic alliance with Noble is a significant step forward for Xanadu and an endorsement of our exploration expertise, in-country experience and knowledge …”

Link to release

 

---

"Mogi" Munkhdul Badral

Executive Director

CPS International LLC

Mobile: +976-99996779

Email: mogi@cpsinternational.mn

 

Suite 906, Central Tower

Sukhbaatar District, Ulaanbaatar

Mongolia

 

CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.