Scheme Booklet mailed to Shareholders
04 Mayo 2010 - 4:44AM
UK Regulatory
TIDMRMLA
RNS Number : 2533L
Rusina Mining NL
04 May 2010
Tuesday 4 May, 2010
Scheme Booklet Mailed to Shareholders
Rusina Mining NL (ASX code: RML, AIM code: RMLA) is pleased to announce that the
Federal Court has made orders to allow Rusina to convene a meeting of its
shareholders ('Shareholders Meeting') to consider the scheme of arrangement for
the proposed merger between Rusina and European Nickel PLC. The Scheme Booklet
has also been registered with the Australian Securities & Investments Commission
('ASIC') and is today being mailed to all Rusina shareholders on the ASX and AIM
registers.
The Shareholders Meeting is scheduled to be held on Wednesday 2nd June 2010.
A copy of the Scheme Booklet is attached to this announcement and is also
available on the Company's website www.rusina.com.au.
The Scheme Booklet contains full details of the scheme of arrangement, as
previously announced, as well as an Independents Experts Report. The Independent
Expert has concluded that the Merger is not fair but reasonable and is therefore
in the best interests of Rusina Shareholders.
The Rusina Board has considered the sum of the parts valuations of Rusina and
European Nickel provided by the Independent Expert. According to these
valuations, which form the high end of the Independent Expert's assessed value
range, the Merger is fair. The Board considers these valuations to be a longer
term outlook for the Merged Group and hence fully support the conclusion that
the Merger is in the best interests of Rusina Shareholders.
Click on, or paste the following link into your web browser, to view the
associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/2533L_-2010-5-4.pdf
For further information, please contact the undersigned or email
rusinaadmin@rusina.com.au.
Enquiries to:
Mr Robert G M Gregory Mr Mark Hanlon
CEO & Managing Director Chief Financial Officer
Rusina Mining NL +61 8 9226 1111
Mr Roland Cornish
Beaumont Cornish Limited
020 7628 3396
This information is provided by RNS
The company news service from the London Stock Exchange
END
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