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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ggg Resources | LSE:GGG | London | Ordinary Share | GB00B4KDJB03 | ORD 2P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 25.875 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMGGG
GGG Resources plc
(the "Company" or "GGG")
Off-market takeover offer by GGG Resources plc for Auzex Resources Limited
("Auzex")
Update
GGG Resources plc (GGG:AIM, GGB:ASX) is pleased to announce that further to the
announcement of 25 July of the extension of the above offer until 5 September
2011, GGG has agreed to let the Bid lapse.
GGG has entered into a binding heads of agreement with Auzex to combine the two
companies' interests in the Bullabulling Gold Project under a single new
Australian corporate entity to be named Bullabulling Gold Limited ("BBG"). BBG
is intended to be listed on both ASX and AIM and, subject to certain
adjustments and possible spin-outs of non-core assets, to be jointly owned by
the current shareholders of both companies, following the implementation of UK
and Australian schemes of arrangements. The current offer by GGG for Auzex
will therefore not be extended further.
It is expected that a full announcement outlining the key elements of the heads
of terms will be made on Monday 29 August 2011 on ASX and Tuesday 30 August
2011 on AIM.
General Enquiries, please contact:
Dr. Jeffrey Malaihollo Westhouse Securities Limited (UK Nominated
Adviser)
MD, GGG Resources plc (UK)
Tom Price / Martin Davison
Tel: + 44 1992 531820
Tel: + 44 20 7601 6100
www.gggresources.com
Neil Boom Collins Stewart Europe Limited (Broker)
MD, Gresham PR Ltd (UK). John Prior / Adam Miller
Tel: + 44 7866 805 108 Tel: + 44 20 7523 8350
David McArthur David Brook
GGG Resources plc (Australia) Professional Public Relations (Australia
media)
41 Stirling Highway
Tel: +61 8 9388 0944/ +61 433 112 936
Nedlands, WA 6009
Email: david.brook@ppr.com.au
Australia
Tel: +61 8 9423 3200
END
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