Inova Resources Limited: Shanxi Donghui Lodges Bidder's Statement
30.08.2013 | Marketwire
Announcement in relation to the lodgement of Shanxi Donghui's Bidder's StatementMELBOURNE, AUSTRALIA -- (Marketwired - Aug. 29, 2013) - Inova Resources Limited (TSX:IVA) (ASX:IVA) (the Company) notes that it has received Shanxi Donghui Coal Coking & Chemicals Group Co., Ltd's (Shanxi Donghui) Bidder's Statement relating to its conditional takeover offer for all the shares in the Company at a price of A$0.22 per share.
The offer, which Shanxi Donghui is expected to send to shareholders in approximately two weeks, is required to remain open for at least one month from the date on which Shanxi Donghui sends the Bidder's Statement and offer materials to shareholders. The Independent Board Committee of the Company continues to review the takeover offer with its advisers and a formal recommendation to shareholders in relation to Shanxi Donghui's offer will be provided in ample time for shareholders to make a decision prior to the close of the offer.
Shareholders can expect to receive a copy of the Company's Target Statement in approximately four weeks.
In the meantime, shareholders are advised to TAKE NO ACTION in relation to any documentation they receive from Shanxi Donghui.
Inova Resources Limited (ABN 20 107 689 878)
Contact
Inova Resources Limited
Stephen Nossal, Senior VP Corporate Development
+61 3 9090 8800
Stephen.Nossal@InovaResources.com
www.InovaResources.com
Hintons
Nerida Mossop
Media
+61 3 9600 1979 or +61 437 361 433