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WESTERN YILGARN NL — M&A Activity 2014
Oct 23, 2014
66092_rns_2014-10-23_b7e0d6b2-8bef-416b-bf2b-c04fbfb3e222.pdf
M&A Activity
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ASX Release
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24 October 2014
WITHDRAWAL FROM CONDITIONAL AGREEMENT TO ACQUIRE EON PTY LTD
Iron Mountain Mining Ltd, ("Iron Mountain" or "the Company") (ASX: IRM) wishes to update the market following its announcement dated 19 September 2014 in relation to entry into a conditional agreement to acquire Eon Pty Ltd (“EON”) (“Transaction”).
Completion of the Transaction was, amongst other things, subject to Iron Mountain being satisfied with due diligence inquires in relation to EON and its assets. Following a detailed assessment, in accordance with the terms of the agreement, Iron Mountain has elected not to proceed with the Transaction and has notified the relevant parties accordingly.
Iron Mountain intends to continue with its strategy to seek and review suitable exploration opportunities.
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ROBERT SEBEK Managing Director
Level 7 | 231 Adelaide Terrace | Perth | Western Australia | 6000 PO Box 3235 | 249 Hay Street | East Perth | Western Australia | 6892
t + 61 (8) 9225 6475 f +61(8) 9225 6474 e [email protected] www.ironmountainmining.com.au