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HAVILAH RESOURCES LIMITED — M&A Activity 2011
Aug 22, 2011
65038_rns_2011-08-22_b494e640-9582-49fc-8d8c-0d1dbb54d419.pdf
M&A Activity
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63 Conyngham Street Glenside 5065 South Australia phone 61 8 8338 9292 fax 61 8 8338 9293 email [email protected] ABN 39 077 435 520
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HAVILAH RESOURCES NL
ASX / Media Release
23 August 2011
Discussions with Geothermal Resources Limited
Havilah Resources NL (ASX:HAV) ( Havilah ) notes the announcement by Geothermal Resources Limited (ASX:GHT) ( Geothermal ) earlier this morning.
Havilah confirms that it has approached Geothermal on a confidential, incomplete and exploratory basis to engage in discussions which may lead to a firm proposal by Havilah to acquire all the ordinary shares in Geothermal not currently held by Havilah (representing approximately 41.32% of the Company’s issued shares) by way of an off‐market takeover bid.
Matters are not presently sufficiently definite or complete to be certain that Havilah’s approach will lead to any firm proposal by it either at all or on terms and conditions which may be acceptable to the Board of Geothermal.
Accordingly, Havilah considers that its approach does not, and cannot be considered a notification by Havilah of any intention to make a takeover bid, whether for the purposes of section 631 of the Corporations Act 2001 or for any other purpose.
Havilah will provide further market guidance if matters become definite or discussions are terminated.
Dr K R Johnson CHAIRMAN
Enquiries should be directed to Dr Bob Johnson, Chairman, on (08) 8338 9292