Wednesday, July 4, 2007

UPDATE 2-Territory gets funding for Consolidated counterbid

(Reuters) - SYDNEY, July 4 - Australia's Territory Resources
Ltd. said on Wednesday it has locked in A$200 million
to help fund a A$700 million-plus counterbid for
bigger miner Consolidated Minerals Ltd. .




Territory said Singapore commodities trader Noble Group
and DCM DECOmetal of Austria had confirmed they will
provide the funds if Territory proceeds with its acquisition
proposal, tentatively scheduled for July 16.


Read more at Reuters.com Mergers News

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