JMS 3.13% 31.0¢ jupiter mines limited.

proposal to the company

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    The Directors of Jupiter Mines Limited (ASX: JMS – “Jupiter”) announce that the Company
    has received a proposal from Pallinghurst Resources Australia Limited and Red Rock
    Resources PLC seeking to vend certain assets into the Company.
    The consideration for this would be an issue of shares which would be likely to lead to a
    change in control of the Company. The Board notes that such a proposal would require an
    approval of shareholders at a general meeting and prescribed information would need to
    be presented to shareholders at that time.
    The Board is currently giving the proposal careful consideration and further releases will
    be made in due course.
 
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