The following corrects and replaces the release sent on June 6, 2013. The final paragraph, first sentence has been changed to read "the Australian Securities and Investments Commission (ASIC)" instead of the Australian Securities Commission.
Azimuth Resources advises that it has received a Notice of Variation under subsection 650D(1) of the Corporations Act (Act) from Troy Resources Limited (Troy). The Notice of Variation informs Azimuth that Troy: Varies its takeover offer, contained in its bidder's statement dates 9 May 2013 as supplemented by a supplementary bidder's statement dated [...]
Troy Resources and Azimuth Resources are pleased to announce that Troy has established an institutional acceptance facility open to professional investors (as defined in section 9 of the Corporations Act 2001 (Cth) (Corporations Act)) and wholesale clients (as defined in section 761G of the Corporations Act) (Eligible Azimuth Shareholders) in order [...]
Pursuant to item 8 in section 633(1) of the Corporations Act 2001 (Cth), Troy Resources advises that it has completed sending to Azimuth shareholders the Bidder's Statement and Offer in relation to its off-market takeover bid for all the ordinary shares in Azimuth. The Offers are dated 13 May 2013. A copy of the Bidder's Statement, which was sent [...]
Troy Resources and Azimuth Resources are pleased to jointly announce that mailing of the Bidder's Statement and Target's Statement in connection with Troy's offer to acquire all the outstanding shares in Azimuth has commenced today. On 28 March, 2013, being the date the Offer was announced, the Offer represented a premium of 78% to Azimuth's [...]
Troy Resources advises that pursuant to item 5 in section 633(1) of the Corporations Act 2001 (Cth), the Company lodged with ASIC and served on Azimuth Resources today the Bidder's Statement in relation to the Company's off-market bid to acquire all the ordinary shares in Azimuth. This can be viewed on the Company's website at:
Troy Resources advises that 952,381 options held by Investec Bank Limited (Investec Bank) exercisable at $3.15 per share expired in accordance with their terms on 7 May 2013. The share capital of the Company following the expiry of these options is as follows:
Since we announced the recommended offer by Troy for all of the shares in Azimuth just over four weeks ago, the gold sector has experienced tremendous volatility. The price of gold has dropped from US$1,605 per ounce to US$1,4751. The S&P/ASX Gold Index has dropped by 24% and the S&P/TSX Global Gold Index is down 22%. In addition, just about every [...]
Please be advised that Troy Resources has released its Quarterly Report for the third quarter ending 31 March 2013 to shareholders. A copy of this report can be accessed via the Troy website; under "Latest Announcements". The report can also be found under the Company's profile on the SEDAR website.
Profitable gold producer Troy Resources is pleased to announce that it has signed a Mandate Letter and Term Sheet with Investec Bank (Australia) Limited (Investec) for the provision of A$40 million in loan facilities (Facilities). The Facilities have been approved by Investec's Credit Committee. The Facilities consist of the following:
Profitable gold producer Troy Resources advises that it has advanced A$10 million to Azimuth Resources Limited pursuant to the Convertible Note Facility (the Facility) entered into between the parties. The Facility forms part of the funding arrangements associated with the recommended off-market takeover offer that Troy has made for Azimuth [...]
In an address to the China Development Forum Economic Summit in Beijing, Peabody Energy Chairman and CEO Gregory H. Boyce shared his views on how 21st Century Coal can advance China's energy, economic and environmental objectives. "As China's unprecedented urbanization continues, coal provides the holistic path that the nation needs to [...]
