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MGX RESOURCES LIMITED — Major Shareholding Notification 2008
Jan 30, 2008
65331_rns_2008-01-30_ec890ebd-f831-4948-8213-57284919bb21.pdf
Major Shareholding Notification
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Mount Gibson Iron Limited
ABN 87 008 670 817
First Floor, 7 Havelock Street West Perth 6005, Western Australia
PO Box 55, West Perth WA 6872
Telephone: 61-8-9426-7500 Facsimile: 61-8-9485 2305 E-mail: [email protected]
VIA: WWW.ASX.ONLINE.COM
31 January 2008 The Manager Company Announcements Australian Stock Exchange Limited Level 10, 20 Bond Street SYDNEY NSW 2000
SUBJECT: SALE OF GAZMETALL’S STAKE IN MOUNT GIBSON
Mount Gibson Iron Limited (“ Mount Gibson ”) refers to its earlier announcement regarding the conditional sale by Gazmetall Holding Cyprus Ltd (“ Gazmetall ”) of Gazmetall’s 156.8 million shares in Mount Gibson (representing approximately 19.73% of Mount Gibson’s issued capital) to Shougang Concord International Enterprises Company Limited (“ Shougang Concord ”).
According to the substantial shareholding notice filed today, Shougang Holding (Hong Kong) Limited (“ Shougang Hong Kong ”) owns greater than 20% of Shougang Concord and Shougang Corporation is the ultimate parent entity of Shougang Hong Kong.
Shougang Hong Kong also owns approximately 18.05% of the shares of APAC Resources Limited (“ APAC ”). APAC owns 20.22% of Mount Gibson.
To clarify media and market speculation, Mount Gibson advises that it has not been informed by Shougang Concord or Shougang Corporation that it intends to make an offer to all of the Mount Gibson shareholders.
As previously indicated the Board is making inquiries in relation to the transaction. The Board intends to act in the best interest of all shareholders, including minority shareholders, and will keep the market fully informed as to any material developments in this matter.
Yours sincerely, MOUNT GIBSON IRON LIMITED
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Angela Dent Company Secretary
For further information:
Luke Tonkin / Alan Rule Mount Gibson Iron Limited +61-8-9426-7500 www.mtgibsoniron.com.au