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JINDALEE LITHIUM LIMITED — M&A Activity 2011
May 9, 2011
65162_rns_2011-05-09_138e9337-1087-4e63-8c82-b60c4a052b2a.pdf
M&A Activity
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10 May 2011
Company Announcements Office Australian Stock Exchange Limited Exchange Centre Level 4, 20 Bridge Street SYDNEY NSW 2000
Jindalee Resources Ltd ABN 52 064 121 133 Level 2 18 Kings Park Road West Perth WA 6005 PO Box 1033 West Perth WA 6872 Western Australia Telephone: (08) 9321 7550 Facsimile: (08) 9321 7950 Email: [email protected] Web: www.jindalee.net
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Via electronic lodgement
Dear Sir
EASTMIN ACCEPTS TAKEOVER BID FOR ANCHOR RESOURCES LTD
Eastmin Pty Ltd (a wholly owned subsidiary of Jindalee Resources Limited) confirms acceptance of the takeover offer in respect of its 5.19% shareholding in Anchor Resources Limited (“AHR”).
On 20 December 2010 China Shandong Jinshunda Group Co Ltd., through its wholly owned subsidiary Sunstar Capital Pty Ltd (referred to as “Jinshunda”), announced a takeover bid for all of the outstanding ordinary shares of AHR at $0.28 cash, which was increased to $0.305 cash on 5 May 2011.
The offer has been declared unconditional and Jinshunda has indicated it will pay accepting shareholders within 21 days from the date on which acceptances were received.
The sale of Eastmin’s AHR holding will realise approximately $777,750 in cash, before tax.
Yours faithfully
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LINDSAY DUDFIELD Managing Director