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Atlantic to be bought by shareholder Droxford

By: Esmarie Swanepoel     8th April 2016 ASX-listed Atlantic has inked a scheme implementation deed with shareholder Droxford International under which all the company’s shares would be acquired for 0.3c each. Droxford currently holds a 17.4% interest in Atlantic and is the company’s largest creditor, with some A$332.5-million owing... 

Company Announcement: Where reliability is of paramount importance – a further 28 variable speed planetary gearboxes 'Vorecon' from Voith for offshore operations in Brazil

By: Creamer Media Reporter      7th June 2013 Voith is supplying even more large gearboxes for the oil fields in the giant 'Pre-Salt-Cluster' in the Atlantic 

Atlantic scraps share purchase plan as prices fall

By: Esmarie Swanepoel     22nd March 2012 Vanadium and iron-ore miner Atlantic has suspended its share purchase plans, announced earlier this month, as its share price tumbled below the anticipated asking price. Earlier this month, Atlantic secured A$41.7-million in new funding, consisting of a three-year convertible bond with its... 

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