gindalbie update melewar shareholding

SECURITIES EXCHANGE ANNOUNCEMENT & MEDIA RELEASE
2 April 2008
GINDALBIE UPDATE – MELEWAR SHAREHOLDING
Gindalbie Metals Limited (ASX: GBG – “Gindalbie”) wishes to provide the market with a further update regarding
the shareholding of a substantial shareholder, Melewar Steel Ventures Ltd (Melewar).
As previously advised to the market, Melewar has a portion of its shareholding subject to an equity finance
contract with Opes Prime Stockbroking, which has had a Receiver-Manager appointed.
Melewar’s lawyers, Slater & Gordon, have this morning advised Gindalbie that an injunction has been placed on
ANZ and the Receiver – Manager restricting the sale of approximately 32 million shares the subject of dispute
with Melewar. The injunction is in place until 4.00pm (EST).
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For further information:
Mr Garret Dixon/Mr Michael Weir
Managing Director/Corp Affairs Manager
Telephone: (+61-8) 9480-8700
www.gindalbie.com.au