Paladin Resources: Takeover Bid for Summit Resources Automatic Extension of Offer Period to 11 May 2007
4/27/2007
PERTH, WESTERN AUSTRALIA, Apr 27, 2007 (CCNMatthews via COMTEX News Network) --
Paladin Resources Ltd. ("Paladin")(TSX:PDN)(ASX:PDN) announces that its takeover bid for all the fully paid ordinary shares in Summit Resources Limited (Summit) has been automatically extended by 14 days as a result of Paladin's voting power in Summit increasing to more than 50%.
The offer is now scheduled to close at 5:00pm (Perth, Western Australia time) on 11 May 2007 (unless further extended).
Paladin has filed a letter to Summit shareholders and formal notice of automatic extension required by section 624(2) of the Corporations Act 2001 (Cth).
For the purposes of ASX Listing Rule 3.2, Paladin gives notice that:
- it had a relevant interest in nil Summit shares when the first of the offers was made; and,
- it had a relevant interest in 59.45% of Summit's shares as at the date of the extension of the offer period.
- Forums
- ASX - By Stock
- SMM
- pdn extends offer 11 may 2007
pdn extends offer 11 may 2007
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SMM (ASX) to my watchlist
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.092M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $7.321K | 2.440M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1601666 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 7107789 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1601666 | 0.003 |
21 | 16450500 | 0.002 |
17 | 44800702 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 7295289 | 12 |
0.005 | 4723155 | 8 |
0.006 | 1704400 | 3 |
0.007 | 3478571 | 5 |
0.008 | 1000000 | 1 |
Last trade - 10.50am 20/08/2024 (20 minute delay) ? |
Featured News
SMM (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online