GGG Resources plc Extends Offer Period While It Awaits Further Disclosures From Auzex Resources Limited
27.05.2011 | Marketwire
LONDON, May 27, 2011 - GGG Resources plc ("GGG") (ASX:GGB) (AIM:GGG) has today extended the offer period of its off-market takeover offer for all of the ordinary shares in Auzex Resources Limited ("Auzex") for two weeks so that it is now scheduled to close at 5.00pm (Perth time) on Monday 20 June 2011 (unless further extended).On 6 May 2011, Auzex announced three separate proposals; namely:
- A demerger of its non-core exploration assets;
- A proposed $25 million capital raising; and
- Seeking a listing on the London AIM market.
This extension is to allow GGG and all other Auzex shareholders time to consider the details which Auzex should disclose in relation to these proposals.
With the release of Auzex's target statement on 19 May 2011, GGG expected that there would be further disclosure of the proposals, however, this did not occur. Auzex's target statement provided little additional information on the proposals.
The following documents are attached for immediate release to the market:
- a letter which is being sent to Auzex shareholders explaining the extension; and
- a formal notice of variation required in respect of the extension by the Corporations Act 2001 (Cth).
To view the attachments associated with this press release, please visit the following link: http://media3.marketwire.com/docs/700044_attach.pdf
Contact Information
David McArthur
GGG Resources plc (Australia)
41 Stirling Highway
Nedlands WA 6009,
Australia
+61 8 9423 3200
Dr. Jeffrey Malaihollo
MD, GGG Resources plc (UK)
+ 44 1992 531820
www.gggresources.com
Collins Stewart Europe Limited (Broker)
John Prior / Adam Miller
+ 44 20 7523 8350
Westhouse Securities Limited
(UK Nominated Adviser)
Tom Price / Martin Davison
+ 44 20 7601 6100
Neil Boom
MD, Gresham PR Ltd (UK)
+ 44 7866 805 108
David Brook
Professional Public Relations
(Australia media)
+61 8 9388 0944/ +61 433 112 936
david.brook@ppr.com.au
