Inova Resources Limited: Shanxi Donghui Conditional Takeover Offer Period Extended
07.10.2013 | Marketwire
MELBOURNE, AUSTRALIA -- (Marketwired - Oct. 6, 2013) - Inova Resources Limited (TSX:IVA) (ASX:IVA) (the Company) acknowledges the announcement made on 4 October 2013 by Shanxi Donghui Coal Coking & Chemicals Group Co., Ltd (Shanxi Donghui) extending the offer period for its conditional takeover offer for all the shares in the Company at a price of A$0.22 per share (the Offer).The Offer has been extended until 7.00pm (Melbourne time) on 31 October 2013 (unless further extended) and shareholders should expect to receive a notice of this from Shanxi Donghui in the mail.
Shareholders should note that the Recommending Directors recommend that at such time as the Offer has become unconditional and Turquoise Hill Resources Limited has accepted the Offer for all of its shares, then shareholders should accept the Offer, in the absence of a superior proposal. Until that time, shareholders are recommended to take no action. The Offer still remains conditional and Inova has not been informed that Turquoise Hill has accepted the Offer for all of its shares.
If required, shareholders are encouraged to seek financial and legal advice. For further information, shareholders are encouraged to contact the Inova Shareholder Information Line on 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).
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