BEVERLY HILLS, Calif., Sept. 28, 2009 (GLOBE NEWSWIRE) -- Since 1951, EQUITIES Magazine has been profiling world business leaders, their companies, their achievements and their prospects for success to provide its readers insights and opportunities. The current issue of EQUITIES profiles an Australian billionaire entrepreneur that has a winning track record and is planning to bring his company to America in a merger with blank-check shell Asia Special Situations Corp. (ASSAC) (NYSE Amex:CIO). To read the entire article, see our online magazine at http://www.equitiesmagazine.com/magazine-current-issue.php.
Coal engineer Travers Duncan has demonstrated again he has the Midas touch in the resource sector to generate wealth for his shareholders. Duncan is chairman of Felix Resources Ltd. (ASX:FLX), a publicly traded Australian coal-mining and ultra-clean coal company that is subject to a $3.1 billion (A$3.7 billion) takeover bid by Yanzhou Coal Mining Co. Ltd. (NYSE:YZC), China's fourth-biggest coal producer.
As recently as 2005, Felix Resources was a publicly traded shell company with limited assets. The company formerly known as Aulron Energy then acquired White Mining through a reverse takeover in February 2005. As executive chairman, Duncan successfully navigated the development of the coal assets of the company, culminating in the pending $3.1 billion cash transaction with the Chinese. In less than five years time, a shell company was transformed into a successful multi billion dollar exit opportunity for shareholders.
WHITE ENERGY
EQUITIES has previously profiled another Duncan-related coal venture, White Energy (ASX:WEC), which is an independent public company spin-off from White Mining, the wholly owned subsidiary of Felix Resources. White Energy is a clean-coal company that is installing coal upgrading facilities in joint ventures with some of the largest commodity companies in the world, including Peabody Energy Corp. (NYSE:BTU) and Cargill's Black River subsidiary. To achieve a public listing in North America, White Energy has announced an agreement to merge with ASSAC.
For more than five decades, EQUITIES has identified investment opportunities for its readership by identifying companies like White Energy before they are widely known to the investment community. "Billionaire Travers Duncan Has the 'Midas Touch'" is an article featured in the September 2009 issue of EQUITIES Magazine.
Companies mentioned in this article include Felix Resources Ltd.; Yanzhou Coal Mining Co. Ltd.; White Energy Co. Ltd.; Peabody Energy Corp.; Asia Special Situations Acquisition Corp. (NYSE Amex:CIO); and BHP Billiton Ltd.
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About EQUITIES Magazine
Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on the Internet at www.equitiesmagazine.com, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO's with our loyal readers in the investment community.