June 22 (Reuters) - Cassini Resources Ltd (CZI) : OZ MINERALS...

June 22 (Reuters) - Cassini Resources Ltd (CZI) :

• OZ MINERALS TO ACQUIRE CASSINI RESOURCES
• IN ADDITION TO CASPIN SHARES, CASSINI SHAREHOLDERS TO GET CONSIDERATION WITH AN IMPLIED VALUE OF A$0.16 PER SHARE
• ACQUISITION VIA SCHEME OF ARRANGEMENT, CONSOLIDATING CO'S OWNERSHIP OF WEST MUSGRAVE PROJECT TO 100%
• CASPIN MAY ALSO RECEIVE ADDITIONAL CASH PAYMENT OF UP TO A$20 MILLION IN TOTAL IN EVENT OF POTENTIAL FUTURE SALE
• BOARD OF CASSINI UNANIMOUSLY RECOMMENDED TRANSACTION AND CONFIRMED THEIR INTENTION TO VOTE IN FAVOUR OF ALL RESOLUTIONS
• CASSINI TO UNDERTAKE INTER-CONDITIONAL DEMERGER OF ITS YARAWINDAH BROOK & MOUNT SQUIRES ASSETS INTO NEW CO, CASPIN RESOURCES LTD
• MAJOR SHAREHOLDERS OF CASSINI, INCLUDING TINCI MATERIALS, INTEND TO VOTE IN FAVOUR OF DEAL
• CASPIN RESOURCES INTENDS TO APPLY TO LIST ON ASX
• UNDER DEMERGER SCHEME, CASSINI SHAREHOLDERS CURRENTLY ANTICIPATED TO RECEIVE 1 SHARE IN CASPIN FOR EVERY 22 CASSINI SHARES

Source text nASX46JHGW

(([email protected]))