Exco Resources Limited Clarify Press Reports
05.04.2011 | ABN Newswire
13:35 AEST Apr 5, 2011 ABN Newswire (C) 2004-2011 Asia Business News PL. All Rights Reserved.Perth, Australia (ABN Newswire) - Exco Resources Limited (ASX: EXS) (PINK: EXRSF) notes speculation in the press this morning regarding an 'approach from an international bidder' in respect of the Company.
The Company wishes to clarify that it is not in discussions with any international entity with a view to that entity making a bid for the Company.
The Company also notes that the speculation linked the 'approach' to interest in the Company's Cloncurry Copper Project (CCP).
As disclosed previously, the Company continues to pursue a number of options in relation to the development of the CCP. Whilst the Company continues to engage in discussions with a number of interested parties about those options, these discussions are indicative and/or incomplete and any conjecture about any such discussions or a resulting transaction is premature. At this stage, no binding arrangements have been entered into in relation to any proposed transaction. Accordingly, the Company can give no assurance that any transaction will eventuate from these discussions.
The Company will continue to keep shareholders and the market informed.
About Exco Resources Limited:
Exco is an Australian focused ASX-listed mining company (ASX: EXS)(PINK: EXRSF) with a dual focus on developing both the White Dam Gold Project in South Australia, and the Cloncurry Copper Project (CCP) in north-west Queensland. In addition, the Company has renewed its exploration efforts at the highly prospective Hazel Creek Project, also in north-west Queensland.
Contact:
Eamon Byrne
Company Secretary
Exco Resources Limited
Ph: +61-8-9211-2000