HONG KONG, Feb. 15, 2012 /CNW/ - Minmetals Resources Limited (HKSE 1208) “MMR“ confirmed today that it does not intend to extend its offer for Anvil Mining Limited beyond the current expiry at 8pm (Toronto time) on 16 February 2012 if the minimum acceptance condition is achieved and all other conditions to the offer are satisfied.
With receipt of MMR shareholder approval on Friday 10 February 2012, all necessary approvals for the offer to proceed have been obtained.
Should acceptances be received for over two-thirds of shares on issue by the offer expiry and should all other conditions of the offer be satisfied, MMR intends to take up the shares deposited and does not intend to extend the offer. For Anvil shareholders who accept the Offer before the expiry time, payment will be issued approximately three business days after the shares are taken up by MMR.
In this event, MMR intends to acquire the shares of Anvil shareholders who do not tender their shares to the Offer through either a compulsory acquisition or a second step transaction. Shareholders whose shares are acquired by these means will not receive payment for their shares until approximately 30 to 60 days, respectively, following the completion of the Offer.
MMR encourages Anvil shareholders to tender promptly to the Offer to realise immediate value for their shares.
Information line for Anvil shareholders:
North America 1-866-581-1392 (toll free)
Media enquiries: Sally Cox, Group Manager - Communications T +61 3 9288 0850, M +61 417 144 524 E sally.cox@mmg.com
Chinese language enquiries: Maggie Qin, Corporate Affairs Officer – China & HK T +61 3 9288 0818, M +61 411 465 468 E maggie.qin@mmg.com
Canadian enquiries: Ian Hamilton, DFH T +416 206 0118 ext.222 E ian@dfhpublicaffairs.com
Australia 1-800-187-558 (toll free)
Investor enquiries: Colette Campbell, Group Manager – Investor Relations T +61 3 9288 9165, M +61 422 963 652 E colette.campbell@mmg.com
Troy Hey, General Manager – Stakeholder & Investor Relations T +61 3 9288 0442, M +61 409 709 126 E troy.hey@mmg.com
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