Stellar and West African Diamonds propose merger
October 27, 2009 by goldguru · Leave a Comment
Diamond development company Stellar Diamonds and Aim-listed West African Diamonds (WAD) have proposed a merger that would result in a reverse takeover of WAD on the London stock market.
Stellar, which is 58,5% owned by Aim- and TSX Venture Exchange-listed African Aura Mining, have signed a heads of agreement to undertake a combination of business interests that would constitute a reverse takeover, it announced on Tuesday.
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