Hi AllForgot to also include this clause in my previous...

Hi All

Forgot to also include this clause in my previous post.


QUOTE

"10. ASIC Relief

CGNPC-URC intends to engage with ASIC prior to any Rule 2.5 Announcement, to confirm that any offer under Rule 2.5 of the City Code is in compliance with the Australian Corporations Act. CGNPC-URC will seek relief from ASIC to acquire a relevant interest in more than 20 per cent of Extract on a basis agreed between CGNPC-URC and ASIC.

If CGNPC-URC, following discussions with ASIC, proposes to make a downstream offer to Extract Shareholders, such downstream offer would be only likely to be made if the Possible Offer proceeded and became unconditional, and in any event even if the downstream offer were made it would be likely to be:

- subject to the Kalahari Possible Offer proceeding and becoming wholly unconditional;

- subject to usual defeating conditions including no prescribed occurrence taking place; and

- made with substantially equivalent effective benefits to those that are offered to Kalahari shareholders as contemplated under the Possible Offer."


I thinks it's your move Rio!

Regards

Steve