Proposed Takeover Bid Not to Proceed
Further to the ASX announcement of 6 September 2023 Javelin Minerals Limited (“Javelin”, ASX: JAV or “the Company”
advises that following completion of its due diligence, the Company has decided not to proceed with the proposed off market Takeover Bid for Gecko Minerals Limited (“Gecko”
and accordingly has now provided notice to Gecko of the termination of the Takeover Bid Implementation Agreement.
The Company confirms that it will proceed with the capital raising announced on 6 September2023 (subject to shareholder approval at the Company’s AGM) and will also seek approval at its AGM for the issue of 5,000,000,000 options to the Company’s corporate advisors and for the consolidation of the Company’s shares on a ten for one basis as previously announced. The remaining resolutions referred to in the announcement of 6 September 2023 will, however, not proceed.
As announced on 5 October 2023 the AGM will be held on 21 November 2023 and full details of all resolutions will be set out in the Notice of AGM which will be released in the week commencing 16 October 2023.
(20min delay)