1. A pro-rata allocation of $200,000 for all the shares in MCO. It is intended that shareholders be offered an
election of taking their allocation either in cash, or in shares (ASX: MNM) at a relevant VWAP leading into
the offer. Shareholders who elect to accept the allocation in shares will also be issued one free attaching
option in MNM (ASX: MNMOC) for every two shares issued; and
2. A pro-rata allocation of 100 million options in MNM (3c, Nov 2018). These MNM options will attach to either
the cash offer or the share offer as discussed in 1. above.
For the avoidance of doubt, the above offer will be made by way of private treaty offer to each of the MCO
shareholders only after Mantle’s shareholder interest in MCO has gone above 90%. This announcement in no way
should be interpreted by Mantle as an intention to make a takeover bid for MCO.
For further information, please contact:
Ian Kraemer
Managing Director
Mantle Mining Corporation Limited [email protected]
P: +61 407 758 722
Winton Willesee
Company Secretary
Mantle Mining Corporation Limited [email protected]
P: +61 410 667 844
MNM Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
