29 January 2008
Manager Announcements
Company Announcements Office
Australian Securities Exchange Limited
4th Floor
20 Bridge Street
Sydney NSW 2000
Dear Sir
SUMMARY OF ANNOUNCEMENT
Approach to the Company.
DETAILS OF ANNOUNCEMENT
The Directors announce that on 24 January 2008 they received a non-binding, confidential approach from a West Australian company seeking to gain control of the Company and replace the capital to be issued by the Company in the second tranche of the recent placement. The proposal also included an intention to further develop the Company's iron ore tenement in Western Australia and dispose of all of the Company’s gold assets. The board gave the proposal careful consideration and determined it was inferior to the capital raising and iron-ore focussed works program it had previously adopted and was not superior to the merger proposal it had previously received from Ellendale Resources NL.
Yours faithfully
PETER LEE
Company Secretary M:\Documents\
- Forums
- ASX - By Stock
- GNL
- ann out pos. boys no go
GNL
great gold mines nl
ann out pos. boys no go, page-16
-
- There are more pages in this discussion • 11 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 GNL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online