Sylvania Resources Ltd. (ASX: SLV) (LON: SLV) now holds 100% of Great Australian Resources Ltd. issued shares. The company will hold the shares following the completion of the compulsory acquisition process.
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Sylvania currently has issued and allotted 1,123,990 ordinary shares for the compulsory acquisition of the remaining Great Australian shares. The company has applied to the London Stock Exchange for 1,123,990 ordinary shares to be admitted to trading. Admission of the shares is anticipated for Monday. Following this issuance Sylvania now has 218,079,254 shares.
About Sylvania Resources
Sylvania Resources Limited is an Australia-based company. The Company is engaged in the business of investing in mineral exploration and mineral treatment projects. The Company is also engaged in producing platinum group metals (PGM) with tailings retreatment operations and shallow mining exploration interests located in SouthAfrica’s Bushveld Igneous complex (BIC). As of August 7, 2009, Sylvania Resources Limited owned a 91.07% interest in SA Metals Limited. As of August 11, 2009, it held a 89.86% interest in Great Australian Resources Limited. The Company’s subsidiaries include Sylvania Metals (Pty) Limited and Sylvania Minerals (Pty) Limited.
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