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TESORO GOLD LTD — M&A Activity 2013
Aug 11, 2013
65957_rns_2013-08-11_3cdf4e23-3930-4d10-89cd-3454938a4e95.pdf
M&A Activity
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CONTINUATION INVESTMENTS LIMITED
12 August 2013
Manager of Company Announcements ASX Limited Level 8 Exchange Plaza 2 The Esplanade PERTH WA 6000
By E-Lodgement
INITIAL ADVICE TO SHAREHOLDERS IN RESPONSE TO TAKEOVER OFFER BY DMX CORPORATION
DMX Corporation Limited (ASX: DMX) has today announced to the market that it intends to make an unsolicited and conditional off-market takeover bid to acquire two thirds of the ordinary shares in Continuation Investments Limited (ASX: COT). DMX will offer either 7.00 cents per COT share or 5.83 DMX shares per COT share.
The Continuation Investments Limited Board was only advised of the intention of DMX Corporation today, 12 August 2013. The Board notes that DMX has been suspended by ASX for 12 months.
The offer document has also been received today. The Directors will review the offer document and provide shareholders further advice in due course.
Meanwhile, shareholders are advised to TAKE NO ACTION in relation to DMX Corporation’s offer.
The Directors will keep shareholders fully informed of further developments as they occur and will provide a formal recommendation on the bid, providing shareholders ample time to make an informed decision.
Yours Sincerely
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Jeremy King Director
______________ Continuation Investments Limited 945 Wellington Street WEST PERTH WA 6005 ABN 91 106 854 175 phone: (08) 9322 7600 fax: (08) 9322 7602 email: [email protected]