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Aquarius

Posted: Tue, 28 Apr 2009

[miningmx.com] -- Platinum miner Aquarius Platinum has received an irrevocable undertaking to vote in favour of the acquisition of Ridge Mining plc in respect of 18.4 million Ridge shares held by Gold Mountains (H.K.) International Mining Company - a wholly owned subsidiary of Zijin Mining Group.

On 26 March 2009 Aquarius and Ridge Mining announced the possible acquisition of Ridge by Aquarius.

Aquarius said it has received total irrevocable undertakings in respect of 30 million Ridge shares, representing 32.7% of Ridge's issued ordinary share capital, to vote in favour of the acquisition. Backing has come from Blackrock Investment Management and Ridge's directors.