News: TIE Tietto Minerals Continues To Believe That Zhaojin's Offer Was Opportunistically Timed

April 30 (Reuters) - Tietto Minerals Ltd (TIE) :

• CONTINUE TO BELIEVE THAT ZHAOJIN'S OFFER WAS OPPORTUNISTICALLY TIMED AND MATERIALLY UNDERVALUES TIETTO.
• TAKEOVER OFFER UPDATE
• NOW A REAL RISK THAT ZHAOJIN CAN CONTROL COMPOSITION OF TIETTO'S BOARD.
• AS AT 29 APRIL 2024, ZHAOJIN HELD 42.51% OF TIETTO’S ISSUED SHARE CAPITAL
• NOW UNANIMOUSLY URGE TIETTO SHAREHOLDERS TO CONSIDER ACCEPTING INTO ZHAOJIN’S OFFER
• CONSIDER RISKS ASSOCIATED WITH CONTINUING TO HOLD TIETTO SHARES OUTWEIGH ADVANTAGES OF CONTINUING TO HOLD TIETTO SHARES
• TIETTO DIRECTORS URGE TIETTO SHAREHOLDERS TO SELL TIETTO SHARES ON-MARKET IF MARKET PRICE IS NOT MATERIALLY DIFFERENT TO OFFER PRICE
• CONCERNED THAT ZHAOJIN MAY HAVE ALREADY ACQUIRED EFFECTIVE CONTROL OF TIETTO
• ALL OF TIETTO DIRECTORS THAT OWN OR CONTROL TIETTO SHARES NOW INTEND TO EITHER ACCEPT INTO ZHAOJIN OFFER

(([email protected];))