IMPACT MINERALS LIMITED — M&A Activity 2013

Dec 17, 2013

No:

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ASX Circular

Date : 18 December 2013

Key topics

1. Invictus Gold Limited /Impact Minerals Limited

2. ASX Codes: IVG / IPT

3. Scheme of Arrangement.

Reading List

Client Advisers Corporate Advisory DTR Operators Institutions

Listing Officers Shares held. ASX Settlement Participants Office Managers Operations Managers (back office)

Research Analysts Share Registries ASX Clear Participants Market Participants

Authorised by

Jill Hewitt

Contact

Jill Hewitt

Telephone

(08) 9224 0000

ASX Limited

ABN 98 008 624 691 Exchange Plaza 2 The Esplanade Perth WA 6000

Internet: http://www.asx.com.au

INVICTUS GOLD LIMITED – IMPACT MINERALS LIMITED SCHEMES OF ARRANGEMENT

Shareholders in Invictus Gold Limited (the “Company”) voted in favour of the Schemes of Arrangement (the “Scheme”) giving effect to the merger with Impact Minerals Limited (“Impact”), at a meeting held on 10 December 2013. The Schemes have been approved by the Federal Court of Australia on 17 December 2013.

Under the Schemes, shareholders in the Company will receive 5 new ordinary fully paid shares in Impact for every 4 ordinary fully paid shares in the Company held at the record date.

All quoted options exercisable at 20 cents and expiring on or before 30 November 2015 will be cancelled option holders will receive one Impact option exercisable at 20 cents and expiring on or before 30 November 2015 for every cancelled option in the Company.

The following timetable applies to the Scheme:

10 December 2013	Scheme meetings held.
17 December 2013	Second Court Hearing to approve the Scheme.
18 December 2013	Effective date – Court orders approving the Scheme to belodged with ASIC and ASX.
18 December 2013	Shares in the Company are suspended from trading onASX at close of trading.
19 December 2013	New Impact shares and options to trade on a deferredsettlement basis
27 December 2013	Scheme Record Date.
6 January 2014	Implementation Date.
6 January 2014	Issue date Deferred settlement trading ends on the newImpact shares and options
7 January 2014	Normal trading in the new Impact shares and optionscommences
10 January 2014	Settlement of trades conducted on a T+3 basis

For further information please refer to the Company’s recent announcements, including the scheme booklet released on ASX on 28 October 2013

No responsibility is accepted for any inaccuracies contained in the matter published.

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