Focus Minerals Limited Announce Final Crescent Gold Limited Offer Extension

16:57 AEST Sept 28, 2011 ABN Newswire (C) 2004-2011 Asia Business News PL. All Rights Reserved.

Perth, Australia (ABN Newswire) - Focus Minerals Limited (ASX:FML) has extended its takeover Offer for Crescent Gold Limited (ASX:CRE) by one week, to end at 7.00pm (Sydney time) on Wednesday, 5 October 2011.

The Offer period will not be extended any further and it will end on Wednesday, 5 October 2011.

Further to previous announcements, Focus now holds a relevant interest in 79.89% of all Crescent shares. This may increase to 85.22% through conversion of loans owed by Crescent to Focus.


What You Need to Know:

- Focus may elect to increase its existing 79.89% interest in Crescent by the conversion of debt owed by Crescent to Focus. Assuming full draw down of these loans, a 5 cents per share conversion price and full exercise of all associated options, Focus would increase its interest in Crescent to 85.22%.

- As Focus has the majority holding in Crescent, it intends to seek to change the Crescent Board in the near future.

- Focus intends to seek to de-list Crescent from the Australian Securities Exchange (ASX) and the Toronto Stock Exchange (TSX). If Crescent is delisted, you will not be able to sell your shares on ASX or TSX (which will, for all practical purposes, prevent trade on the Frankfurt Stock Exchange (FFT)).

- Focus will not increase the Offer price (one Focus share for every 1.18 Crescent shares). There is no Court process available to the remaining shareholders at the end of an Australian company takeover to seek a premium to the takeover price for their shares.

- Now that Focus has reached 79.89% ownership in Crescent, Focus considers it extremely unlikely that any other offer will eventuate.

- The Offer period has been extended for the last time and it will end at 7:00pm (Sydney time) on Wednesday, 5 October 2011 (the formal notice of this extension is enclosed).


What You Need to Do:

The Crescent Board has unanimously recommended that you accept the Offer.

To accept the Offer, you will need to complete your Acceptance Form, and send it to the address shown on the Acceptance Form. If you require a replacement Acceptance Form, send an email to info@focusminerals.com with your request, in order to arrange for one to be mailed to you free of charge. If you hold your Crescent Shares through CHESS, you can instruct your Controlling Participant (usually your broker) to accept the Offer on your behalf.

Your acceptance must be received by 7.00pm (Sydney time) on Wednesday, 5 October 2011.

If you need to speak to your broker or other adviser, please do so now before it becomes too late. If you have any queries in relation to the Offer, you may call the Focus Offer information line on 1800 648 622 (toll-free within Australia) or +61 2 8256 3377 (international) between 9.00am and 5.00pm (AEST), Monday to Friday.



About Focus Minerals Ltd:

Focus Minerals Limited (ASX:FML) is a gold producer based in Western Australia's Eastern Goldfields. The company holds the mineral rights to 449km2 of tenements and is the largest landholder in the Coolgardie Gold Belt located 560km east of Perth and 35km west of the 'Super Pit' in Kalgoorlie-Boulder. Focus is currently in production from underground and open pit operations at its flagship Tindals Mining Centre in Coolgardie, adjacent to its 1.2Mtpa Three Mile Hill processing plant. In March 2011 it opened The Mount, a new high-grade underground mine, located 85km to the south of the processing plant. In addition Focus recently acquired 100% ownership in the highly prospective Treasure Island Gold Project, situated at Lake Cowan at the southern end of the Boulder-Lefroy fault.



Contact:

Campbell Baird
Chief Executive Officer
Focus Minerals Ltd
Ph: +61-8-9215-7888

Neil Le Febvre
Investor Relations
Focus Minerals Ltd
Ph: +61-8-9215-7888