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International News Limited- INL
Aiming at large shareholding in Australian listed company Chapmans Ltd
International News Limited (INL) has offered 10c a share for 20 million Chapman shares and 70 million Chapmans options to be taken up at 10c a share, to the major share holders of the tightly held listed venture capital company Chapmans Limited.
The major shareholders that have been offered 10c a share for their Chapmans shares include Southern Cross Explorations Limited (ASX code sxx), the well known public company director Borris Ganke and his private holding companies, Brett Goldsworthy's Community Financial Services Group Pty Ltd trading as www.smartventures.com.au, and Massimo Cellants's Bell IXL Group of Companies listed on the Newcastle Stock Exchange in New South Wales.
However, it appears that these share holders are not keen to sell their shares at 10c a share. It seems that they all see the big picture of Chapmans listing on the Alternative Investment Market (AIM) a part of the London Stock Exchange with INL having to pay prices over £UK1 a share.
These shareholders combined at present hold about 55% of the issued capital of Chapmans Limited.
It seems clear from investigations presented to INL that these shareholders have been for some time working together to control the Chapmans share price to made sure it stays around 2-2.5c a share, so that they can continue to purchase shares at this bargain basement price.
These shareholders have all been well aware for sometime that INL has been wanting to purchase enough shares and options to obtain a control between INL and its friendly subscribers, who all keen to have INL back door listed on the Australian Stock Exchange, and then moved to the London Stock Exchange.
INL's aim is to obtain close to 20% of the issued capital of Chapmans Limited along with enough options at 10c a share, so that when the 70 million options are taken up by the subscribers of INL's various media publications it will give INL and INL's subscribers controling interest of Chapmans Limited.
INL is well aware if INL tried to buy about 20 million Chapmans shares and 70 million options in one hit, without going to some of the major shareholders and doing a direct deal as they are doing, the Chapmans shares would likely go the over $1 overnight. So INL has felt it more sensible to offer these major shareholders all 10c a share along with an offer to take up 70 million options at 10c a share. This puts a limit of 10c a share to obtain effective control of Chapmans Limited (CHP on the ASX)
Once directorship and share control of Chapmans Limited is achieved, the next step planned is to sell INL and all its over $10 billion in media , film and entertainment assets to Chapmans Limited, along with the name International News Limited for further Chapmans shares and Chapmans options. INL owns all these assets outright and has no debts whatsoever.
The final step in the operation for the shareholders of INL, which is owned by a well known Jananese investment family living in Australia, who put up the funds to develop International News Limited, is to organise Chapmans to be listed on the Alternative Investment Market (AIM) which is part of the London Stock Exchange.
Any public company that has been listed on the Australian Stock Exchange(ASX), for more than three years can apply for automatic listing on the AIM as part of the London Stock Exchange.
Chapmans Limited (ASX code CHP) has been in existence since the 1930's and has been listed on the Australian Stock Exchange (ASX) since the 1970's.
Once Chapman's London Stock Exchange listing is complete, it is then planned to change the company name to International News Limited and issue a further 250 million Chapmans shares at £UK 10 ($Aust 25) which will raise £UK 2.5 billion ($Aust 10 billion ) in working capital for the expansion of INL's valuable media, film and entertainment assets which include world buying, swaping, trading and selling web sites, Internet TV, community sharing and comunication web sites, film production of many exciting films and TV series already in the process of being developed such as:
Attempt 3.4, Beat Up Dirty Yanks, a yearly film and TV series being made showing the best of the World Fringe Festivals, the Adventures of Mr Wijat and his Team TV Series and films.
Chapmans Limited is seen by INL as an ideal vehicle or achieve all these aims within 12 months with the very experienced Borris Ganke staying on as Managing Director with the move to have Chapmans Limited listed on the London Stock Exchange with a view to moving Chapmans Limited to the main board wihtin 24 months.
Borris Ganke is well known in London corporate circles from his days of having headed Offshore Oil Limited in the Ausralian Mining Boom of the 1960's, which was capitalized on the London Stock Exchange at over £1 billion $Aust 2.5 billion).
Chapmans already 40% owner of the Movie Attempt 3.4 expected to gross over $US 1 million
Chapmans Limited invested $250,000 into the Australian entities belonging to the INL News Group as venture capital funding. This has now paid off handsomely with Chapmans ending up with 40% of the new INL movie Attempt 3.4.
Attempt 3.4 the film is expected to be one of the most highest revenue earners in the film world in 2008,with expected gross sales at the box office and video sales expected to reach over $US1 billion.
Attempt 3.4 is expected to take the film world by storm and critics say,
"even though Attempt 3.4 is on the citting edge of new film making and directed by a little know Irish Director, Paul Maquire, International News Limited's Attempt 3.4 will be a tend setter and set the standard for new breed of filiming making throughout the next decade..."
Attempt 3.4? The Present Attempt....
this is very cutting edge cinema, Attempt 3.4 ..produced by INL in association with Bitter Blue Productions....
Will this attempt succeed?
go and see the film and find out.....
Click here to video promo of Attempt 3.4
If you are interested in finding out when Attempt 3.4 is comning to your local cinema please email International News Limited at:
admin@internationalnewslimited.biz
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