News: TIE Zhaojin Mining Industry Says Disappointed That Tietto Board Has Not Seen Value In Cash...

Nov 3 (Reuters) - Zhaojin Mining Industry 1818.HK :

• WE ARE DISAPPOINTED THAT TIETTO BOARD HAS NOT SEEN VALUE IN OUR CASH OFFER
• BELIEVE CASH OFFER PROVIDES VALUE AND CERTAINTY FOR TIETTO SHAREHOLDERS
• WE WILL CONTINUE DISCUSSIONS WITH THE BOARD AND TIETTO SHAREHOLDERS ON THE MERITS OF OUR PROPOSAL
• HAVE AUSTRALIAN FIRB APPROVAL IN PLACE AND HAVE PROGRESSED WORK ON OBTAINING OTHER REQUIRED APPROVALS FOR DEAL
• WELL PLACED TO OBTAIN ALL REQUIRED CHINESE REGULATORY APPROVALS FOR DEAL

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