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VYSARN LIMITED — M&A Activity 2016
Nov 14, 2016
66029_rns_2016-11-14_ad8c2471-864c-45cc-9e53-9c0f9be8adb8.pdf
M&A Activity
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MHM Metals Limited Level 4, 100 Albert Road South Melbourne VIC 3205 AUSTRALIA
T: +613 9692 7222 F: +613 9077 9233 E: [email protected] www.mhmmetals.com
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ASX Announcement
15 November 2016
Clarification to ASX announcement
MHM Metals Limited ( MHM or the Company ) (ASX: MHM) refers to its announcement earlier today regarding its proposed merger with Alliance Mining Commodities Limited ( AMC ), a privately owned Bermudan company that owns a 90% interest in the Koumbia bauxite project in Republic of Guinea (the Koumbia Project ).
Company Snapshot
Capital Structure
Ordinary shares on 136,228,616 issue:
In that announcement, MHM noted the work which AMC has done to date in relation to preparing a feasibility study for the Koumbia Project. The description of that feasibility study in MHM’s announcement earlier today was not intended to provide any projection or forecast of the amount of minerals to be extracted from the Koumbia Project, but rather to provide the project parameters which the feasibility study is seeking to test.
Directors
Paul Kopejtka (Non- Executive Chairman) Joseph van den Elsen (Managing Director) Chris Goodman (Non-Executive Director)
Company Secretary
Justin Mouchacca
Accordingly, MHM retracts those statements to the extent that they may be taken to imply a production target or other forecast financial information in relation to the Koumbia Project.
MHM is working towards completing its due diligence enquiries on AMC and the Koumbia Project and finalise the binding terms of the proposed merger with AMC. MHM will continue to keep shareholders informed of all material developments in relation to this potential transaction.
ENDS
For more information :
MHM Metals Limited Paul Kopejtka Chairman +61 3 9692 7222
MHM Metals Limited ABN 41 124 212 175
Registered Office: Level 4, 100 Albert Road, South Melbourne, VIC 3205 | Tel: 03 9692 7222| Fax: 03 9077 9233 | E: [email protected] | www.mhmmetals.com