11:53 AM EST - Bannerman Resources Limited : announced that it had received a highly conditional acquisition proposal from the Sichuan Hanlong Group. Since the proposal was announced, Bannerman has assisted Hanlong in undertaking technical and legal due diligence enquiries using external advisers. Bannerman and Hanlong have also had a number of constructive meetings and discussions which suggest to Bannerman that there is a strong alignment of views between Bannerman and Hanlong on the positive outlook for the uranium sector and the quality and strategic value of the Etango Uranium Project given the size of its mineral resource, its location and its low development and processing risk. Bannerman Resources Limited
shares T.BAN are trading down $0.04 at $0.32.
