Inova Resources Limited: Shanxi Donghui Dispatches Bidder's Statement
13.09.2013 | Marketwire
Announcement in relation to the dispatch of Shanxi Donghui's Bidder's StatementMELBOURNE, AUSTRALIA -- (Marketwired - Sept. 13, 2013) - Inova Resources Limited (TSX:IVA) (ASX:IVA) (the Company) notes that Shanxi Donghui Coal Coking & Chemicals Group Co., Ltd (Shanxi Donghui) has confirmed dispatch of its Bidder's Statement relating to its conditional off market takeover offer for all the shares in the Company at a price of A$0.22 per share.
The offer is open from 12 September 2013 until 7.00pm (Melbourne time), 5.00am (Toronto time) 14 October 2013 (unless extended) and remains conditional. 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's Statement in approximately two weeks.
The Company has established a shareholder information line in relation to the offer. The telephone number is 1300 551 547 (within Australia) and +61 1300 551 547 (outside of Australia). The line is available Monday to Friday between 8.30am and 5.30pm AEST.
In the meantime, shareholders are advised to TAKE NO ACTION in relation to the documentation that they receive from Shanxi Donghui.
(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
Media
Hintons
Nerida Mossop
+61 3 9600 1979 or +61 437 361 433