Oct 3 (Reuters) - Energy Resources Of Australia Ltd (ERA) :
- RESPONSE TO MEDIA AND UPDATE ON INDEPENDENT DIRECTORS
- REFERS TO RECENT MEDIA REPORTS CONCERNING ERA'S RELEASE OF INDEPENDENT EXPERT'S REPORT ON FAIR VALUE OF CO
- ERA'S INDEPENDENT BOARD COMMITTEE IS CONCERNED THAT MEDIA REPORTING CONTAINS "FACTUAL INACCURACIES"
- INDEPENDENT DIRECTORS OF CO DO NOT BELIEVE IT IS IN BEST INTERESTS FOR THEM TO CONTINUE WORK WITH RIO TINTO IN FUTURE
- IBC WILL ENDEAVOUR TO CONTINUE DISCUSSIONS WITH RIO TINTO TO FIND AN INTERIM FUNDING SOLUTION AS SOON AS POSSIBLE
- CHAIRMAN, PETER MANSELL, & INDEPENDENT NON-EXECUTIVE DIRECTORS, PAUL DOWD & SHANE CHARLES TO RESIGN FROM BOARD OF ERA
- IBC ALSO NOTES RECENT MEDIA REPORTING CONCERNING FINDINGS OF INDEPENDENT EXPERT'S REPORT
- IBC NOTES THAT INDEPENDENT EXPERT'S REPORT WAS PREPARED IN ACCORDANCE WITH APPLICABLE ASIC REGULATORY GUIDANCE
News: RIO Energy Resources Of Australia Responds To Media And Update On Independent Directors
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