QNI Offer - Supplementary Targets Statement

 

TIDMGPN 
 
RNS Number : 2489U 
Gladstone Pacific Nickel Limited 
12 October 2010 
 

12 October 2010 
 
                        GLADSTONE PACIFIC NICKEL LIMITED 
                                (ACN 104 261 887) 
 
      QNI Takeover Offer - Publication of Supplementary Target's Statement 
 
Gladstone Pacific Nickel Limited ("GPNL" or the "Company") announces that it has 
lodged with the Australian Securities & Investments Commission ("ASIC") a 
supplementary target's statement ("Supplementary Target's Statement"), in 
relation to the takeover offer by QNI Resources Pty Ltd ("QNI") for all the 
shares in GPNL that it does not already own (the "Offer"), which was announced 
on 12 August 2010. 
 
This document is the first Supplementary Target's Statement issued by GPNL in 
relation to its target's statement dated 5 October 2010 (Original Target's 
Statement). 
 
The Supplementary Target's Statement supplements, and should be read together 
with, the Original Target's Statement. 
 
Amendment to the Original Target's Statement 
 
The Board has obtained advice on the matter disclosed in section 7.1 of the 
Original Target's Statement. The Board has concluded that there is no evidence 
of any matter which gives rise to a claim and therefore it will not be pursuing 
that matter. 
 
The Target's Statement is therefore amended as follows: 
 
-           Page 5, fifth bullet point, delete the last sentence cross referring 
to section 7.1. 
-           Section 7.1 - delete and replace with: 
 
7.1       Litigation 
There is no current litigation of a material nature against GPNL or any 
controlled entity of GPNL.  Your Directors have no knowledge of any potential 
material litigation against GPNL or any controlled entity of GPNL. 
 
A copy of the Supplementary Target's Statement will be despatched to each GPNL 
Shareholder and is available on the Company's website 
www.gladstonepacific.com.au.  In addition, the Original Target's statement has 
been amended to include the changes pertaining to the Supplementary Target's 
Statement and this is available on the Company's website 
www.gladstonepacific.com.au. 
 
 
 
ENDS 
 
For more information or comment 
 
Julien McInally - Gladstone Pacific Nickel Ltd 
Tel:[phone] 
 
 Fiona Owen / Robert Beenstock - Grant Thornton Corporate Finance 
Tel:[phone] 
 
 Richard Johnson - Arbuthnot Securities 
 
Tel: [phone] 
 
Email: [e-mail] 
Gladstone Pacific Nickel Limited is an Australian mining development company 
presently undertaking an Integrated Definitive Feasibility Study for the 
Gladstone Nickel Project. The Company's vision is to build a major long-life 
nickel cobalt refinery at the deepwater Port of Gladstone, in Central 
Queensland, Australia, treating abundant high grade nickel laterite ores from 
New Caledonia and other south-west Pacific islands, underpinned by beneficiated 
ores from its own Marlborough deposits. The Project has the potential to be one 
of the largest of its type in the world producing some 126,000 tpa nickel (8 - 
10% of global nickel demand) and 10,400 tpa of cobalt metal from its first two 
stages. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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