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Tata Chemicals acquires 32.9% stake in EPM Mining Ventures Inc

28 May 2011 Evaluate

Tata Chemicals’ wholly owned subsidiary -- Valley Holdings LLC, USA (VHI) has acquired ownership and control of 16,677,612 common shares of EPM Mining Ventures Inc. USA. As of the date thereof, the outstanding share capital of EPM consists of common shares and non-voting common shares, each of which being convertible into one common share subject to the terms and conditions thereof.

The said ownership and control of 16,677,612 common shares, representing 32.9% of the issued and outstanding stock of the company on an undiluted basis and 15.9% of the common shares assuming conversion of non-voting shares into common stock on a one-to-one basis. VHI acquired the shares of EPM on completion of the amalgamation between EPM and Yukon Inc on May 26, 2011.

Prior to the amalgamation, VHI had acquired a total of 16,677,612 common shares in the capital of Yukon acquired at a price of $0.67, in cash per share. Pursuant to the amalgamation, each common share of Yukon was exchanged for one common share of EPM, on May 26, 2011. Immediately prior to the amalgamation, VHI did not own or control any securities of EPM.

Tata Chemicals Share Price

709.00 1.30 (0.18%)
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Peers
Company Name CMP
BASF India 3754.25
Tata Chemicals 709.00
SRF 2495.00
Pidilite Inds. 1419.60
Deepak Nitrite 1750.00
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