EXU explaurum limited
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Nov 12 (Reuters) - EXPLAURUM LTD (EXU) : ASX ALERT-UPDATE ON...

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    12/11/18
    12:35
    Post #: 36470369

    Nov 12 (Reuters) - EXPLAURUM LTD (EXU) :

    • ASX ALERT-UPDATE ON RAMELIUS TAKEOVER OFFER,RMS-EXU.AX
    • HAS RECEIVED OFFER FROM RAMELIUS FOR AN INCREASE IN CONSIDERATION WITH RESPECT TO CURRENT OFFER
    • AS A RESULT OF PROPOSAL, CO HAS GRANTED RAMELIUS A LIMITED PERIOD OF CONFIRMATORY DUE DILIGENCE IN RELATION TO TAMPIA GOLD PROJECT
    • PROPOSAL OUTLINES ADDITION OF 5 CENTS CASH PER EXPLAURUM SHARE TO CONSIDERATION UNDER CURRENT OFFER
    • CONTINUES TO RECOMMEND THAT EXPLAURUM SHAREHOLDERS REJECT CURRENT INADEQUATE TAKEOVER OFFER FROM RAMELIUS
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