Great Central Mines (GTCMY-Q) continues to shore up its land hondings in the Yandal mineral belt of Western Australia.
The New York City-based company has acquired control of a Western Australia gold producer, Eagle Mining, and has upped its bid for Australia’s Wiluna Mines to A70 cents per share from A65 cents.
Wiluna management has asked shareholders to reject the attempted takeover, though Great Central has already increased its share in the junior to 10.4% from 6.4%.
Great Central is attempting to shore up its landholdings in the Yandal mineral belt of Western Australia.
Be the first to comment on "Great Central takes control of Eagle"