Och-Ziff Stake in Guildford Shrinks Due to Disposal, Dilution
February 26 (Cover Mongolia) An ASX notice filed on February 24, reveals that Och-Ziff group of companies and funds had its Guildford Coal Ltd. (ASX:GUF) stake reduced to 6.67% from 8.14% due to disposing of shares but mostly due to a placement of 89.5 million shares on February 21 to the shareholders of TheChairmen1 Pty Ltd, Guildford’s largest shareholder, as partial consideration for a settlement that was triggered after its Springsure project achieved an indicated resource of 43Mt.
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