16
Feb

Equinox takeover of Citadel complete

Citadel Resources was delisted on 17 January 2011 after a successful takeover bid by Equinox Minerals. Quest owned approximately 5% of Citadel and received 10.5 cents and one Equinox share for every 14.3 Citadel shares. The takeover completed a profitable turn for our investors of 126% over 3 years. Quest now speaks for around 5 million Equinox shares which have rallied another 13% since the deal concluded. We plan to visit the Equinox mine site in Zambia later this year.