Extract Resources Ltd.

Extract Resources advises that Taurus Mineral has confirmed that it has despatched payment to shareholders in respect of more than 50% of Extract's share capital. As at the date of this announcement, Taurus has a relevant interest in 64.11% of Extract's voting shares. Extract also notes that Taurus has announced that it has agreed to despatch payment to all accepting Extract shareholders within 15 days of receipt of [...]

Extract has today issued its Target's Statement in which the Independent Directors of Extract unanimously recommend that shareholders accept the unconditional A$8.65 cash offer from Taurus Minera, in the absence of a superior proposal. As previously announced, Extract has been actively investigating whether there may be any available alternatives to the Taurus Offer that could maximise value for all shareholders [...]

Extract provides the opportunity to listen to an audio broadcast with Mr. Jonathan Leslie, Managing Director and CEO, regarding the lodgement of its Target's Statement in which the Independent Directors of Extract unanimously recommend that shareholders accept the unconditional A$8.65 cash offer from Taurus Mineral, in the absence of a superior proposal.

Extract has today received a Bidder's Statement from Taurus Mineral containing the terms of the proposed unconditional cash offer for all of the shares in Extract at a price of A$8.65 per share. Extract's Independent Directors will carefully review the Taurus Bidder's Statement and provide Extract shareholders with a Target's Statement containing the Directors' recommendation and all relevant information to allow [...]

Extract notes the announcement by Taurus Mineral that it has received acceptances under its offer for Kalahari Minerals ("Kalahari") in respect of 89.5% of the existing issued share capital of Kalahari and declared the offer for Kalahari wholly unconditional. Under the terms of the relief granted to Taurus by the Australian Securities and Investments Commission ("ASIC"), Taurus must now proceed with making the [...]

Extract notes the announcement on the London Stock Exchange by Taurus Mineral advising that Taurus had received valid acceptances of its offer for Kalahari Minerals representing approximately 29.4 per cent of the existing issued share capital of Kalahari. Under the terms of the relief granted to Taurus by the Australian Securities and Investments Commission, Taurus must proceed with making an off-market takeover [...]

Extract Resources has been informed that the Namibian Competition Commission has approved without conditions the possible acquisition of control of Extract by Taurus Mineral, an entity owned by CGNPC Uranium Resources and the China-Africa Development Fund. NCC consent to the possible change of control of Extract is a condition of the Taurus offer to Kalahari shareholders (the "Kalahari Offer"), as set out in the [...]

Extract notes the announcement on the London Stock Exchange by Taurus Mineral, an entity owned by CGNPC Uranium Resources and the China-Africa Development Fund, advising that offer documentation has been posted to shareholders of Kalahari Minerals. The Kalahari offer will remain open for acceptances until February 2, 2012, unless extended by Taurus. As previously announced (ASX release December 9, 201

TORONTO, Dec. 9, 2011 /CNW/ - Extract Resources Ltd

('Extract' or 'the Company') notes the announcement by Taurus Mineral Limited ('Taurus'), an entity owned by CGNPC Uranium Resources Co., Ltd. ('CGNPC-URC') and The China-Africa Development Fund ('CADFund'), of a recommended cash offer for Kalahari Minerals plc ('Kalahari'), Extract's 42.74% shareholder, at a price of 243.55 pence per Kalahari share (the [...]

SOUTH PERTH, Australia, Dec. 1, 2011 /CNW/ - Extract Resources Ltd

('Extract') is pleased to announce that the Ministry of Mines and Energy of the Republic of Namibia has now issued the Mining Licence (ML171) for the Husab Uranium Project.

Issuance of the Mining Licence follows the receipt by the company of a notice of preparedness, as announced on November 30, 2011, and the acceptance by Swakop Uranium (Pty

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