Corporate shareholding in Reed Resources
July 6, 2012
Metals X Limited has acquired a 4.45% beneficial interest in Reed Resources
Reed Resources Ltd (ASX: RDR) (“Reed Resources”) advises that it has become aware of recent movements in the company’s share register, which it feels obliged to report to ensure the maintenance of a fully informed market.
As part of Reed Resources’ regular process of monitoring its share register, it has become aware that in recent weeks Metals X Limited (ASX: MLX) (“Metals X”) has acquired a beneficial interest in a significant number of Reed Resources shares.
Reed Resources’ enquiries have confirmed that as at 5 July 2012, Metals X held a beneficial interest in approximately 20.6 million ordinary shares, representing approximately 4.45% of the issued capital of company.
Reed Resources has contacted Metals X with a view to determining its intentions in relation to its holding in the company. Metals X has stated that it has no further comment to make regarding its intentions. Shareholders will be advised of any material developments.