https://www.miningweekly.com

Asic supports Ord River withdrawal from Dampier deal

12th June 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – The Australian Securities and Investment Commission (Asic) has given ASX-listed Ord River Resources conditional consent to withdraw its takeover offer for fellow-listed Dampier Gold.

Dampier triggered a defeating condition of the takeover offer, under which Ord River had offered six of its own shares and 0.5c in cash for every Dampier share held, by announcing its intention to acquire a gold tenement in Western Australia.

Dampier had said the acquisition was in the best interest of the company, and a preferred alternative to the takeover offer.

With the Asic consent now granted, the Dampier takeover offer would close immediately, and all acceptances of the offer, which had not resulted in binding takeover contracts, would be automatically rendered void.

Dampier shareholders who accepted the takeover offer for all, or some, of their shares, would also now be able to resume the trading of those shares.

Edited by Creamer Media Reporter

Comments

Latest News

Anglo American share price shows traders want a sweeter bid
Anglo American share price shows traders want a sweeter bid
Updated 1 hour 4 minutes ago By: Bloomberg

Showroom

Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 
M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.278 0.34s - 90pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: