RemSleep Holdings Inc (RMSL)

[ShortonCash]

NEWS on BVIG / KATX neighbor Noble Resources under Chinese control..

http://www.nobleminres.com.au/live/wp-content/uploads/2012/09/Zhongrun-to-invest-A84.7m-in-Noble.pdf
Following completion of both tranches of the placement, Zhongrun will own 41.5% of Noble's pro-forma share capital on an undiluted basis. Exercise of the Zhongrun options would see a further A$55.4m invested into Noble and result in Zhongrun owning 51.6% of Noble's pro-forma share capital on an undiluted basis.

Following the investment, Noble will be a fully-funded, ungeared and unhedged gold company with a clear pathway to production of + 150koz p.a. from Bibiani, and a strong platform to pursue future growth opportunities, with the benefit of a supportive strategic shareholder and partner.

Noble's Chairman Tunku Naquiyuddin said: "Zhongrun has committed to making a very substantial investment into Noble, which will provide us with the financial strength and flexibility to bring Bibiani into full production and maximise its value for the benefit of all parties. The formation of the partnership with Zhongrun follows careful evaluation of all Noble's available funding and strategic options and we are confident that it represents the optimal outcome for shareholders and delivers both attractive value and certainty. Zhongrun brings financial and technical capabilities to the partnership that we believe will be highly complementary to the Noble team. We look forward to working with Zhongrun to maximise the value of Bibiani and pursue other regional growth opportunities.


<<< maximise the value of Bibiani and pursue other regional growth opportunities.

MELBOURNE (REUTERS) -
Chinese firm Zhongrun Resources Investment Corp has agreed to buy a 42 percent stake in Noble Mineral Resources Ltd (NMG.AX) for A$85 million ($88 million), sending shares of the Australian gold miner soaring 25 percent.

The announcement sent Noble Mineral shares to A$0.15, though that was well short of a record A$0.805 the company's shares touched last year.
Zhongrun's move into Noble Mineral follows Shandong Gold Group's SDONGA.UL plan to buy a majority stake in Australia's Focus Minerals Ltd (FML.AX:), Zijin Mining Group's (601899.SS:) takeover of Norton Gold Fields in Australia. China National Gold Group Corp is also in talks to buy a stake in African Barrick Gold Plc (ABGL.L:).

Zhongrun Resources Investment Corporation, formerly ShanDong ZhongRun Investment Holding Group Co.,Ltd., is principally engaged in the investment, development, distribution and leasing of real estate. The Company operates its business mainly in Jinan, Zibo and Weihai, Shandong Province, China. As of December 31, 2010, the Company had five major subsidiaries, involved in real estate business and mine investment business