June 19 (Reuters) - Atlas Iron Ltd (AGO) : ADVISES SHAREHOLDERS...

June 19 (Reuters) - Atlas Iron Ltd (AGO) :

• ADVISES SHAREHOLDERS TO TAKE NO ACTION IN RELATION TO HANCOCK OFFER UNTIL THEY RECEIVE FURTHER ADVICE FROM ATLAS BOARD
• BOARD ASSESSED HANCOCK OFFER, HAS DETERMINED THAT IT COULD BE EXPECTED TO LEAD TO SUPERIOR PROPOSAL WHEN COMPARED TO MINERAL RESOURCES
• ISSUED A NOTICE TO MINRES WHICH GIVES IT THREE BUSINESS DAYS TO MAKE A COUNTER PROPOSAL TO HANCOCK OFFER, EXPIRING 21 JUNE
• UNTIL MINRES HAS OPPORTUNITY TO MAKE COUNTER PROPOSAL, DIRECTORS MAINTAIN EXISTING RECOMMENDATION IN FAVOUR OF MINRES SCHEME PROPOSAL