Jan 24 (Reuters) - Norwest Energy NL (NWE) : MINRES ALSO AGREED...

Jan 24 (Reuters) - Norwest Energy NL (NWE) :

• MINRES ALSO AGREED TO WAIVE DEFEATING CONDITION TO ITS OFFER SUCH THAT REVISED OFFER WILL BE UNCONDITIONAL
• NORWEST DIRECTORS UNANIMOUSLY RECOMMEND MINRES' REVISED OFFER
• NORWEST SHAREHOLDERS WILL NOW RECEIVE ONE FULLY PAID ORDINARY MINRES SHARE FOR EVERY 1,300 NORWEST SHARES HELD
• DIRECTORS NOTE THAT NO SUPERIOR OFFER HAS SO FAR EMERGED
• CLOSING DATE FOR REVISED OFFER WILL BE EXTENDED TO 20 FEBRUARY 2023
• IMPROVED VALUE OF AN IMPLIED EQUITY VALUATION FOR NORWEST OF A$497 MILLION
• NORWEST SHAREHOLDERS WHO ACCEPT REVISED OFFER BEFORE CLOSING DATE OF 20 FEB, ENTITLED TO RECEIVE MINRES' INTERIM DIVIDEND FOR 1H23

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