Western resources proposed to purchase silver-Mao lead-zinc mining

The Western resources (600139) will reach the lead-zinc mine after the acquisition of a stake in Jiangxi Province earlier this year. Western resources issued today's targeted additional plans show that the company intends to be no less than 21.7 yuan/share price to include the controlling shareholder Sichuan Heng Kang Development Limited liability company, including not more than 10 of the specific investors issued no more than 32.258 million shares (including the number). Sichuan Heng Kang's subscription amount is not lower than the actual amount of the private issue of the total fund-raising funds 30%, no more than 350 million yuan.　　Before the suspension of the western resources of the closing price of 27.2 yuan/share.　　Western resources are expected, the directional additional will raise the total amount of funds not more than 700 million yuan, after deducting the issue fees will be the net amount of the acquisition of Nanjing Silver Mao lead-zinc Mining Co., Ltd. 80% of the equity. It is reported that the mining company's shareholders Jiangsu Silver Mao Holdings (Group) Co., Ltd. Commitment: Silver-Mao Mining in 2010, 2011, 2012 three fiscal years to achieve after-tax net profit of 104 million yuan, 124 million yuan, 140 million yuan.　　If the actual after-tax net profit of the AG-Mao mining industry is lower than the above promised value, the AG-Mao Holdings will make up the difference in cash to the silver-Mao mining sector.　　Silver-Mao Mining has Nanjing Qixiashan lead-zinc mine mining rights, the mining of minerals as galena, zinc ore, mining mode for underground mining, production scale of 350,000 tons/year, mining area of 0.9808 square kilometers, valid from August 4, 2010 to December 4, 2022.　　Western Resources, said the company acquired 80% stake in the silver-Mao mining, silver-Mao mining will become the company's main lead and zinc mining industry's holding subsidiary, the company increased resources reserves, and added new non-ferrous metals products, enhance profitability. It is reported that since December 2008, the Western resources issued shares to buy Gansu Yang Dam Copper Co., Ltd. 100% Equity Transformation of mineral Resources mining as the main business investment company, has been in the acquisition of mineral Resources. In February this year, western Resources acquired a 100% stake in Ganzhou Lithium Industry Co., Ltd. and the mining rights and other operating assets of Ning Dutai Lithium Co., Ltd, from a single copper mining company to a lithium pyroxene mining company.