Monaco bid for Victoria- based slime sifter Mintails
‘ ‘ A NATURAL person’’ from Monaco has made a takeover bid for a tiny Australian-listed miner that sifts through slime and sand for gold.
An unconditional on-market takeover offer by Seagur Rex Harbour, a resident of Monte Carlo in Monaco, for all of the ordinary shares in Mintails Ltd was announced by Mr Harbour’s lawyer yesterday.
‘‘ I act as an attorney for Mr Seagur Rex Harbour, who is a natural person,’’ attorney Laurence Blumberg said in a notification to the Australian Securities Exchange.
V i c t o r i a - b a s e d c o m p a n y Mintails, which has a market capitalisation of about $ 9.2 million, recovers gold from mine waste on the surface of the West and East Rand of South Africa’s Witwatersrand Basin.
Mr Harbour is offering cents per Mintails share.