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TESORO GOLD LTD — M&A Activity 2013
Sep 9, 2013
65957_rns_2013-09-09_57980696-61a7-4c5a-9351-3d14b3d3b12f.pdf
M&A Activity
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ACN 90 009 140 550
DMX Corporation Limited
ASX ANNOUNCEMENT
10 September 2013
DELAY TO DMX CORPORATION’S PROPORTIONAL TAKEOVER OFFER FOR 66.7% OF CONTINUATION
INVESTMENTS
On 12 August 2013, DMX Corporation Limited (DMX) announced that it was to make an offer to purchase two out of every three shares held by each Continuation Investments Limited (COT) shareholder. The offered price was 7.00 cents per COT share or 5.83 DMX shares per COT share.
Since this time, DMX following its initial steps to have the DMX shares quoted by the ASX has been in discussions with COT, and ASIC regarding bid. Issues have arising concern the terms of the offer having regard to ASX’s decision that it will not register any shares issued under the offer (because DMX shares are currently suspended) and DMX’s decision to delist.
These are complex legal matters and DMX has retained a QC for advice. Once certainty has been achieved, a modified offer document or new offer will be released to the exchange and distributed to shareholders.
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Roger Collison Executive Chairman
C/- Stature Chartered Accountants Level 4, 92 Pitt Street, Sydney NSW 2000 GPO Box 3619, Sydney NSW 2001 Phone: +612 8256 2120 Fax: +612 9231 2199