Extension of Offer Period for Takeover Bid at
C$8.00 Cash per Share by Minmetals Resources Limited
Perth, Australia: Anvil Mining Limited (TSX, ASX: AVM) (“Anvil” or the “Company”).
Reference is made to the offer by MMG Malachite Limited (the “Offeror”), a wholly owned indirect subsidiary of Minmetals Resources Limited (“MMR”) to purchase all of the Common Shares of Anvil on a fully-diluted basis (including those Common Shares that are subject to CHESS Depository Interests) at a purchase price of C$8.00 per share in cash (the “Offer”) which formally commenced on October 19, 2011 (Toronto time).
The Offeror has extended the Offer, from 8:00 pm (Toronto time) on December 9, 2011, until 8:00 p.m. (Toronto time) on January 11, 2012, unless the Offer is further extended or withdrawn. By virtue of this extension, the “CDI Expiry Time” as defined in the Offer and Offer documents, has been automatically extended to 7:00 p.m. (Sydney time) on January 9, 2012, unless the Offer is further extended or withdrawn.
MMR, the Offeror and Anvil have also agreed to certain amendments to the support agreement dated as of September 29, 2011, which, among other things, extend the outside date for the completion of the Offer to April 16, 2012 (or later in certain circumstances) and the date for receipt of MMR's shareholder approval to April 6, 2012.
This news release is for information purposes only and is not a substitute for the filed Offer and takeover bid circular and Anvil directors’ circular. There can be no assurance that the conditions of the Offer will be satisfied, or that the transaction will be completed as proposed, or at all.
Anvil Mining Limited is a copper producer whose shares are traded on the Toronto Stock Exchange (as Common Shares) and the Australian Securities Exchange (as CDIs) under the symbol AVM.
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