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PATERSON RESOURCES LTD — M&A Activity 2009
Jun 28, 2009
65618_rns_2009-06-28_f819f274-b61b-41e5-92da-ac50aee5d5dd.pdf
M&A Activity
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Company Announcements Officer ASX Ltd
29 June 2009
Iron Mountain Takeover Bid Fails
Iron Mountain Ltd (“IRM”) announced on 29 June 2009 that the unsolicited offer of 2 IRM shares for 1 Terrain Minerals (“TMX”) share will not proceed, having attracted only 18,090,043 acceptances, 15.43% of the total TMX shares on issue.
Of the 18,090,043 shares acquired, 17,464,682 shares came from United Orogen Limited’s (“UOG”) acceptance of the IRM bid.
Subsequent to the bid being announced by IRM on 10 March 2009, TMX, through a placement and rights issue has successfully raised $1.36m. UOG did not subscribe to the capital raising and over the course of the bid the UOG holding was reduced from 19.73% of the issued capital to 14.89%.
UOG and IRM share common directors. Other than the UOG holding, the bid attracted only 625,361 shares, 0.53% of the total TMX shares on issue.
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Managing Director
Enquiries: Please call Keith Wells T: 08 9481 2455 E: [email protected]
P: (08) 9481 2455 F: (08) 9481 2566 E: [email protected] www.terrainminerals.com.au Suite 5, 1327 Hay Street, West Perth WA 6005 PO Box 1170, West Perth WA 6872 TERRAIN MINERALS LTD ACN 116 153 514 ABN 45 116 153 514