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IRON BEAR RESOURCES LTD — M&A Activity 2010
May 9, 2010
65091_rns_2010-05-09_de6570a3-5857-4ace-a153-f9d9e32dc3e9.pdf
M&A Activity
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10 May 2010
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MEIJIN ENERGY PROCEEDING TO MAKE AN ALL CASH, OFF-MARKET TAKEOVER OFFER FOR ALL DMC MINING SHARES AT 50 CENTS PER SHARE
West African iron ore explorer and developer, DMC Mining Limited ( ASX: DMM ) (“ DMC ” or the “ Company ”) is pleased to announce that it has received notice from Meijin Energy Group Limited (“ Meijin ”) that the preconditions related to it making an all cash, off-market offer for all the shares in the Company have now been satisfied.
Consequently, Meijin intends to make an offer for all of the shares in DMC at 50 cents per DMC share (“ Meijin Offe r”).
A copy of Meijin’s notice to the Company, which includes conditions to the Meijin Offer, is attached to this announcement (which notice was received by the Company late on 7 May 2010).
The DMC Board will, as soon as practicable, provide a recommendation to Shareholders in respect of the Meijin Offer.
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