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GENESIS RESOURCES LIMITED — M&A Activity 2012
Jul 19, 2012
64980_rns_2012-07-19_458df2e4-97f2-48ef-b4dd-d7892db952e8.pdf
M&A Activity
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ASX / MEDIA ANNOUNCEMENT 20 July 2012
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----- Start of picture text ----- Clancy Exploration Limited Phone: (02) 6361 12853 Corporation Place Fax: (02) 6361 1202Orange NSW 2800 www.clancyexploration.comAustralia [email protected]----- End of picture text -----
OFFER BY CLANCY EXPLORATION LIMITED FOR GENESIS RESOURCES LIMITED NOW UNCONDITIONAL
Clancy Exploration Limited ( ASX: CLY ) today announces that it has freed the offer under its off‐market takeover bid for Genesis Resources Limited ( ASX: GES ) of all defeating conditions.
A copy of notice under section 650F of the Corporations Act and notice under section 630 of the Corporations Act are attached.
For more information regarding Clancy’s bid please visit www.clancyexploration.com
‐‐ENDS—
Please direct enquiries to:
Gordon Barnes Managing Director Phone: +61 2 6361 1285 Email: [email protected] Web: www.clancyexploration.com
About Clancy Exploration
Clancy Exploration (ASX: CLY) is an Australian‐focused copper, gold, base metals and tin explorer. The Company’s portfolio consists of copper‐gold projects in the Lachlan Fold Belt of NSW, base metal and tin projects in the Mount Read Volcanic Belt of Tasmania, Nadbuck near Broken Hill in NSW and Yalgoo, adjacent to the Golden Grove mine in Western Australia.
In NSW, Clancy has 12 wholly owned and managed projects and 7 joint venture projects which are managed by Gold Fields Australasia Pty Ltd. In Tasmania, Clancy has 2 base metal joint venture projects with Bass Metals and 2 tin joint venture projects with TNT Mines Pty Ltd (a wholly owned subsidiary of Minemakers Ltd). The Tasmanian projects are managed by Clancy's joint venture partners. This mix of Clancy and joint venture project funding allows a high level of exploration activity to be maintained, whilst prudently managing Clancy’s financial resources. Details of Clancy’s projects can be found at the Company's website: www.clancyexploration.com
Announcement ‐ attaching 630 and 650F (WM00769067)