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IRON BEAR RESOURCES LTD — M&A Activity 2010
May 31, 2010
65091_rns_2010-05-31_a48c7288-613d-45c6-a2a2-8d2628b7845a.pdf
M&A Activity
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01 June 2010
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DMC ACKNOWLEDGES REVISED CAPE LAMBERT OFFER
TAKE NO ACTION with respect to the revised Cape Lambert Offer until DMC Directors provide a recommended course of action
West African iron ore explorer and developer, DMC Mining Limited ( ASX: DMM ) (“ DMC ” or the “ Company ”) wishes to advise Shareholders that it has today received notice from Cape Lambert Resources Limited (“ Cape Lambert ”) that Cape Lambert has increased the consideration payable under its unconditional cash offer from $0.50 to $0.53 per DMC Share (“ Revised Cape Lambert Offer ”).
The DMC Board of Directors (“ DMC Directors ”) recommends that Shareholders TAKE NO ACTION until such time as the DMC Directors have had an opportunity to consider the Revised Cape Lambert Offer in light of the competing off-market, conditional takeover offer from Meijin Energy Group Limited (“ Meijin ”).
The DMC Directors will provide Shareholders with a recommended course of action shortly.
If you have any questions regarding the Revised Cape Lambert Offer or the offer from Meijin, please contact the DMC Shareholder Information Line on 1800 606 449 (from within Australia) or + 61 2 8256 3382 (from outside Australia).
Yours faithfully DMC Mining Limited
David Sumich Managing Director
For more information contact:
David Sumich Duncan St John Warrick Hazeldine Managing Director Vice president Director DMC Mining Ltd RBC Capital Markets Purple Communications Tel: +61 8 9486 1909 +61 2 9033 3307 +61 417 944 616 [email protected] [email protected] [email protected]
a Level 1, 2 Ord Street, West Perth 6005 pa PO Box 1191, West Perth 6872 p 08 9486 1909 f 08 9486 1718 dmcmining.com.au