Pallinghurst accept Palmary
04 Diciembre 2007 - 3:13AM
UK Regulatory
RNS Number:0958J
Consolidated Minerals Limited
04 December 2007
AIM Release
4 December 2007
PALLINGHURST TO ACCEPT INCREASED OFFER BY PALMARY
Consolidated Minerals Limited (ASX: CSM, AIM: CNM, FSE: CMN) advises that
Pallinghurst Resources Australia Limited ("Pallinghurst") has today declared its
unconditional cash offer for CSM shares final at $4.50 per CSM share, in view of
Palmary's increased offer of $5.00 per CSM share.
Pallinghurst has advised that it will not extend its offer beyond the current
closing date of 7.00pm (Melbourne time) on Thursday 6 December 2007.
Pallinghurst has also confirmed that it will accept Palmary's offer of $5.00 per
CSM share for its current holding of CSM shares and those CSM shares it becomes
entitled to upon conversion of the convertible notes (subject to a 'relevant
event' occurring and the Palmary offer remaining open for acceptance).
A copy of Pallinghurst's announcement is available on the ASX website at
www.asx.com.au
Contact:
Rod Baxter
Managing Director
David Brook
Manager - Corporate Affairs and Investor Relations
Consolidated Minerals Limited
Telephone: (+61 8) 9321 3633
www.consminerals.com.au
The Company's nominated adviser is RFC Corporate Finance Ltd - contact Stephen
Allen +61 8 9480 2507.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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