EMERALD RESOURCES NL — M&A Activity 2016

Sep 15, 2016

16 September 2016

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ASX Announcement

RENAISSANCE TAKEOVER OFFER UNCONDITIONAL

Emerald Resources NL (ACN 009 795 046) ( Emerald ) has today made its off-market takeover bid UNCONDITIONAL for all of the fully paid ordinary shares in Renaissance Minerals Limited (ACN 141 196 545) ( Renaissance ) (which it does not already own) ( Offer ), freeing the Offer of all of the remaining defeating conditions.

Details of the Offer are set out in the bidder’s statement dated 19 August 2016 ( Bidder’s Statement ).

The Offer remains open until 5pm (WST) on 26 September 2016 (unless extended), and Emerald urges Renaissance shareholders to accept the Offer to convert their shareholding in Renaissance to a shareholding in Emerald at the ratio of 1.55 Emerald shares for every 1 Renaissance share.

Attached is a notice under section 650F of the Corporations Act 2001 (Cth) which provides that all defeating conditions have now been waived.

Emerald’s voting power in Renaissance is 79.21% as at the date of this announcement.

This includes the acceptances of each of the independent Renaissance Directors who unanimously recommended that Renaissance shareholders accept the Offer, in the absence of a Superior Proposal.

Subject to Annexure A of the Bidder’s Statement, Emerald will issue Emerald shares as soon as possible to Renaissance shareholders who have accepted the Offer.

For and on behalf of the EMR Board.

MORGAN HART Managing Director

Emerald Resources NL ACN 009 795 046 1110 Hay Street, WEST PERTH, WA, AUSTRALIA, 6005 PO Box 1408 West Perth WA 6872 T: 1300 729 543 F: 1300 729 528 E:info@emeraldresources.com.au