March 11 (Reuters) - MC Mining Ltd (MCM) :
- NON-BINDING INDICATIVE OFFER FROM VULCAN RESOURCES
- RECEIPT OF NON-BINDING INDICATIVE OFFER OF BETWEEN A$0.17C AND A$0.20C FROM VULCAN RESOURCES
- CONFIRMS THAT IT IS IN RECEIPT OF A LETTER FROM VULCAN RESOURCES ON OFFER
- DEAL VALUING CO'S EQUITY AT BETWEEN A$69.34 MILLION AND A$81.58 MILLION
- INDEPENDENT BOARD COMMITTEE TO EVALUATE INDICATIVE TERMS OF PROPOSAL LETTER
- NOTES PROPOSAL LETTER AT INDICATIVE PRICE RANGE HIGHER THAN CURRENT TAKEOVER OFFER PRICE OF A$0.16 PER SHARE BY GOLDWAY CAPITAL INVESTMENT
- NO CERTAINTY ANY FORMAL OFFER BY VULCAN WILL BE RECEIVED NOR TERMS THEREOF
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News: MCM MC Mining Announces Non-Binding Indicative Offer From Vulcan Resources
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