Todd Corp acquires 19.9 percent stake in ASX-listed Wolf Minerals for A$10.6M

Sun, 23 Dec 2012

Dec. 24 (BusinessDesk) – Todd Corp, the investment company of New Zealand’s wealthiest family, has acquired a 19.9 percent stake in Wolf Minerals as part of a placement to help fund the ASX-listed company’s development of a Tungsten mine in southwest England. TTI (NZ), a unit of Todd, subscribed for 39.4 million shares in Wolf at 27 cents apiece, a 12 percent premium to Wolf’s 30-day volume-weighted average price, the Perth-based company said in a statement to the ASX. It may acquire more shares in 2013. In total Wolf raised A$20.3 million i...

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