GPN greater pacific gold limited

check this out

  1. 67 Posts.
    Remember this name from Tuart Resources (TRT) Carrol Hardie and CHM.
    Looks like the same deal for GPN and the same project names as CHM.

    ASX- CHM release

    Cadetta Resources Limited
    (ACN 108 945 606)
    TARGET STATEMENT
    Made pursuant to section 638 of the Corporations Law and in response to the Bidder's Statement of Chameleon Mining N.L. dated 6th May, 2004 and served by Landan Roberts on Cadetta Resources Ltd on 6th May, 2004.
    1. INTERPRETATION
    1.1
    1.2
    1.3
    1.4
    2.
    2.1
    2.2
    In this Statement, unless a contrary intention appears, the following expressions shall have the following meanings:
    "Bidder's Statement" means the bidder's statement of Chameleon dated 6th May, 2004 which was served on Cadetta Resources Ltd on 6th May, 2004;
    "Offer" means the takeover offers referred to in the Bidder's Statement made by Chameleon to acquire Cadetta Resources Shares (other than those held by Chameleon as at the date of the Offer);
    "Cadetta Resources" means Cadetta Resources Ltd, ACN 108 945 606, a company incorporated in Western Australia and having its registered office at Level 1, 9 Bowman Street, South Perth Western Australia 6151.
    "Cadetta Resources Shares and Options" means Cadetta Resources Fully Paid Shares and Options "this Statement" means this Target Statement; and
    "Chameleon" means Chameleon Mining NL, ACN 098 773 785, a company incorporated in NSW and having its registered office at 47 Labouchere Rd, South Perth WA 6151.
    Except as otherwise provided, all words and phrases used in this Statement have the meanings (if any) given to them by the Corporations Law.
    Headings are for ease of reference only and will not affect the interpretation of this Statement.
    In this Statement, the singular includes the plural and vice versa; words importing any gender include any other gender; a reference to a person includes a corporation; and references to clauses or annexures are to clauses or annexures of or to this Statement.
    DIRECTORS' RECOMMENDATIONS
    The directors of Cadetta Resources at the date of this Statement are Terence Ross Kestel; Terence Martin Quinn and Carol Norma Hardie.
    Each of the directors wishes to make a recommendation with respect to the Offer and each of them recommends acceptance of the Offer for the following reasons: 1
    The price of eight cents ($0.08) per share together with one attaching option capitalises Cadetta Resources Ltd at $1,040,000 and to the shareholders of Cadetta Resources Ltd this represents an immediate profit for the shareholders of Cadetta Resources Ltd.
    The likelihood of Cadetta Resources Ltd being able to expand its tenement base in this area is limited by the popularity of the area and other competing companies attempting to secure tenements in the area.
    3.
    (a)
    (b)
    4.
    5.
    6.
    7.
    7.1
    7.2
    DIRECTORS' INTERESTS IN CADETTA RESOURCES SHARES AND OPTIONS
    As at the date of this Statement, the directors of Cadetta Resources have relevant interests in the following Cadetta Resources Shares:
    Name
    No. of Cadetta Resources
    Fully Paid Shares
    No. of Cadetta Resources Options
    Terence Martin Quinn
    9,000,000
    9,000,000
    Carol Norma Hardie
    3,000,000
    3,000,000
    Other than as stated in paragraph (a) above, no director of Cadetta Resources has a relevant interest, as at the date of this Statement, in any shares in, or other marketable securities of, Cadetta Resources.
    DIRECTORS’ INTERESTS IN MARKETABLE SECURITIES OF CHAMELEON
    None of Cadetta Resources’s directors has a relevant interest, as at the date of this Statement, in any shares in, or other marketable securities of, Chameleon.
    INTENTIONS OF CADETTA RESOURCES DIRECTORS WITH RESPECT TO THE OFFER
    Each of the Cadetta Resources's directors intends to accept the Offer in respect of the Cadetta Resources Shares in which he has a relevant interest.
    TRANSACTIONS IN CADETTA RESOURCES SHARES
    There have been no acquisitions or disposals of Cadetta Resources Shares by any associate (including a director) of Cadetta Resources in the period of four months immediately preceding the date on which the Bidder's Statement was served on Cadetta Resources.
    NO BENEFITS TO DIRECTORS, ETC
    No prescribed benefit (not being an excluded benefit) will or may be given to a person in connection with the retirement of a person from a prescribed office in relation to Cadetta Resources.
    No prescribed benefit will or may be given to a prescribed person in relation to Cadetta Resources in connection with the transfer of the whole or any part of the undertaking or property of Cadetta Resources.
    2
    8.
    9.
    10.
    10.1
    11.
    (a)
    (b)
    OTHER AGREEMENTS OR ARRANGEMENTS WITH CADETTA RESOURCES DIRECTORS
    There is no other agreement or arrangement made between any director of Cadetta Resources and any other person in connection with or conditional upon the outcome of the Offer.
    INTERESTS OF CADETTA RESOURCES DIRECTORS IN CONTRACTS WITH CHAMELEON
    No director of Cadetta Resources has any interest in any contract entered into by Chameleon.
    MATERIAL CHANGES IN THE FINANCIAL POSITION OF CADETTA RESOURCES
    Within the knowledge of the directors of Cadetta Resources, the financial position of Cadetta Resources has not materially changed since 6th May, 2004.
    OTHER MATERIAL INFORMATION
    There is no other information that offerees and their professional advisers would reasonably require to make an informed assessment whether to accept the Offer, being information which:
    it is reasonable for offerees and their professional advisers to expect to find in this Statement; and
    is known to any of Cadetta Resources's directors.
    Dated: [14th May, 2004]
 
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