-- Haranga Resources (ASX:HAR) started a reverse circulation drilling program covering about 4,000 meters at its Ibel South project in Senegal, according to a Friday filing with the Australian bourse.
The program is designed to follow up results from phases one and two of air-core drilling campaigns and surface geochemical work, the filing said.
Drilling is anticipated to take about 25 days, with assay results expected shortly thereafter, per the filing.
West African Resources' (ASX:WAF) securities were placed in a trading halt on Friday after the company said an announcement is being prepared regarding a decree by the Burkina Faso government in relation to its potential acquisition of an additional 25% stake in the share capital of the company's Kiaka unit, according to a same-day Australian bourse filing.Kiaka is the owner of the recently constructed Kiaka gold project.The company requested that the trading halt remain in place until the release of the announcement or the commencement of normal trading on April 20, whichever comes first.
Long Investment (HKG:2312) agreed to make two separate minority investments in Nasdaq-listed firms Metalpha Technology and NIP Group, according to a Hong Kong bourse filing Friday.The firm will acquire 1.74 million Metalpha shares from Qomolangma Capital and 4.6 million class A NIP shares from Nebula Digital Investment in exchange for 22.7 million shares and 17.9 million shares of the company, priced at HK$0.728 each, respectively.The 40.6 million shares to be issued in aggregate represent 8.89% of the company's enlarged share capital.The firm said it is acquiring the shares for investment purposes.The company's acquisition represents minority investments of less than 5% in the two companies, Long Investment said.
Insignia Financial (ASX:IFL) said that the scheme of arrangement for its acquisition by Daintree BidCo, an entity established by CC Capital Partners and its affiliates, became legally effective, according to a Friday Australian bourse filing.It confirmed that it had lodged an office copy of the orders made by the Federal Court of Australia approving the proposed acquisition with the Australian Securities and Investments Commission.The quotation of Insignia Financial shares on the Australian bourse is expected to be suspended from the close of trading on Friday. The scheme is expected to be implemented on April 28.