AI assistant
EVOLUTION MINING LIMITED — Regulatory Filings 2011
Oct 2, 2011
64885_rns_2011-10-02_9b96224d-bbb8-493f-b21f-bd3d2ae23811.pdf
Regulatory Filings
Open in viewerOpens in your device viewer
==> picture [59 x 60] intentionally omitted <==
==> picture [185 x 28] intentionally omitted <==
JOINT ASX RELEASE
WAIVER OF CONDITION PRECEDENT RELATING TO INDEX DECLINE
3 October 2011
Conquest Mining Limited (ASX:CQT) (“Conquest”) and Catalpa Resources Limited (ASX:CAH) (“Catalpa”) are pleased to announce that the ‘index decline’ condition to their proposed merger and the inter-conditional asset acquisition from Newcrest Mining Limited (ASX:NCM) (“Transaction”) has been waived by all parties.
The Transaction is subject to a number of conditions precedent, typical for a transaction of this type, that need to be satisfied or waived for the Transaction to be implemented. One of these conditions is that the S&P/ASX 300 index does not close below 85% of its level as at close of trading on the date the Transaction was announced (15 June 2011) for a period of 5 or more consecutive trading days. The parties have formally agreed to waive this condition.
Although the index decline condition has not been triggered, the waiver nonetheless removes a potential area of uncertainty given current volatility in financial markets. It is representative of the commitment that all parties have to the transaction and the supportive and cooperative manner in which the transaction implementation is being progressed.
Contacts
For further information please contact:
Catalpa Conquest Media and company contact Media and company contact John Gardner Michael Vaughan MAGNUS Investor Relations FTI – Media Relations Direct: +61-2 8999-1001 Tel: +61-2-8298 6100 Mobile: +61-(0)-413-355-997 Mobile: +61-(0)-422-602-720
Bruce McFadzean Jake Klein Managing Director and CEO Executive Chairman Catalpa Resources Limited Conquest Mining Limited Tel +61-8-9321-3088 Tel: +61-2-8383-2100 Catalpa Shareholder Infoline Conquest Shareholder Infoline 1300 383 678 (within Australia); or 1300 047 569 (within Australia); or +61 3 9415 4312 (outside Australia) +61 3 9415 4242 (outside Australia)
1