Anvil Mining Ltd - Minmetals Resources Limited Updates on Anvil Circular To MMR Shareholders
12 November 2011
Source: Market News Publishing
Minmetals Resources Limited (HKSE 1208) ("MMR") announced that it requires additional time to prepare and finalise the Hong Kong circular in relation to its recommended takeover offer ("the Offer") to acquire all of the common shares in Anvil Mining Limited ("Anvil"), including the Competent Person's Report and Valuation Report.
The date of the dispatch of the Circular has been extended to a date falling on or before 7 December 2011.
The dispatch of the circular to MMR shareholders by the formerly announced date is not a condition of the Offer. The approval of MMR shareholders is a condition of the Offer. Subject to the Listing Rules of the Hong Kong Stock Exchange, shareholder approval may be obtained prior to the dispatch of the circular through a resolution in writing signed by the holders of a majority of the ordinary shares in the capital of the company.
The circular to Anvil shareholders was dispatched on 19 October 2011 and the Offer commenced at this time. The Offer is open until 8.00pm (Toronto time) 24 November 2011. The Offer received approval from the Treasurer of Australia under the Foreign Acquisitions and Takeovers Act (FIRB Approval) on 25 October.
TSX closing price for AVM-T Date: 2011/11/10 Closing Price: 7.37
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