AI assistant
GEOPACIFIC RESOURCES LTD — M&A Activity 2017
Jul 25, 2017
65008_rns_2017-07-25_0c7e7626-76dc-4b5f-b530-a230ee316f9e.pdf
M&A Activity
Open in viewerOpens in your device viewer
==> picture [595 x 114] intentionally omitted <==
26 July 2017
GEOPACIFIC RESOURCES LIMITED ACN 003 208 393
ASX Code: GPR
[email protected] www.geopacific.com.au
AUSTRALIAN OFFICE
Level 1, 278 Stirling Highway Claremont, WA 6010. PO Box 439, Claremont, WA 6910. T +61 8 6143 1823
FIJI OFFICE
PO Box 9975 Nadi Airport Nadi T +679 6 72 7150 F +679 6 72 7152
DIRECTORS
Chairman: Milan Jerkovic Managing Director: Ron Heeks Executive Director: Philippa Leggat Non-Exec Director: Mark Bojanjac Non-Exec Director: Ian Clyne
COMPANY SECRETARY
Matthew Smith
PROJECTS
– Takeover Response to letter from Pacific Road
Kula Gold Limited (Kula) released a letter from their major shareholder, Pacific Road, collectively including the holdings of Pacific Road Capital Management GP Limited, Pacific Road Holdings SARL, Pacific Road Capital A Limited, Pacific Road Capital B Limited.
Pacific Road stated that they will accept an increased offer that is free from defeating conditions. The increased offer that they will accept is:
1 Geopacific share for every 1.1 Kula shares.
Geopacific is considering the contents of the letter and will make an announcement regarding its intentions on Thursday, 27 July 2017.
Pacific Road is Kula’s largest shareholder, holding 37.2% of Kula . Geopacific’s voting power in Kula was 18.72% today. Acceptance by Pacific Road would increase Geo pacific’s ownership of Kula to 55.92%.
Background
On 1 May 2017, Geopacific Resources Limited ACN 003 208 393 (Geopacific) made an off-market takeover bid to acquire all of the ordinary shares of Kula Gold Limited ACN 126 741 259 (Kula) and released the Replacement Bidder’s Statement detailing the Offer on 19 May 2017 (Bidder’s Statement) (Offer). The current expiry date of the Offer is 4 August 2017.
CAMBODIA: Kou Sa Copper
Contact
FIJI:
Nabila Gold Rakiraki Gold Sabeto Gold-Copper Vuda Gold-Copper Cakaudrove Gold-Silver
For further information on this update or the Company generally, please visit our website at www.geopacific.com.au or contact:
Mr. Ron Heeks Ms. Philippa Leggat Managing Director Executive Director Corporate phone: (08) 6143 1823 email: [email protected]
PAPUA NEW GUINEA: Woodlark Island Gold
==> picture [595 x 68] intentionally omitted <==