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ANZ has biggest piece of Austindo pie

ANZ Bank has become the largest shareholder in Austindo Resources after a $A18.8 million ($US17.6 million) debt to equity swap approved by Austindo shareholders on January 31 was completed.

MiningNews.Net
ANZ has biggest piece of Austindo pie

Under the swap, ANZ was allotted 1.4 billion shares and 140 million options exercisable at A1.5c each that expire on June 30, 2012, giving the bank a 25.05% stake in Austindo. Other debt and convertible...

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