Aug 16 (Reuters) - Armour Energy Ltd (AJQ) :
- RECEIPT OF NON-BINDING PROPOSAL TO ACQUIRE ARMOUR
- RECEIVED AN INDICATIVE, NON-BINDING, CONFIDENTIAL AND CONDITIONAL EXPRESSION OF INTEREST FROM SHUNKANG HOLDING GROUP
- PROPOSAL FOR A POTENTIAL ACQUISITION OF 100% OF FULLY DILUTED SHARE CAPITAL OF COMPANY
- EXPRESSION OF INTERES STATES THAT INDICATIVE ACQUISITION PRICE IS A$0.13 TO A$0.15 CASH PER ARMOUR SHARE
- SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION IN RELATION TO EXPRESSION OF INTEREST
- NOTES CURRENT PROPOSAL IS AT A PRICE SIGNIFICANTLY BELOW LEVEL OF RECENT CAPITAL RAISINGS
- NOTES THAT THERE IS NO CERTAINTY THAT EXPRESSION OF INTEREST WILL RESULT IN ANY POTENTIAL OFFER FOR ARMOUR SHARES
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