Merger update (4440O)

TIDMGGG

RNS Number : 4440O

GGG Resources PLC

19 September 2011

19 September 2011

GGG Resources plc ("GGG") and Auzex Resources Limited ("Auzex")

Merger Progress

Further to the announcement dated 26 August 2011, GGG and Auzex are pleased to announce the following progress in relation to the Merger process:

An Operational Company named BBG Management Ltd ("BBG Management") has been established. Its directors are Nigel Clark, Jeffrey Malaihollo, and Michael Short from GGG, and Chris Baker, John Lawton and Greg Partington from Auzex.

A Shareholder Agreement and Management Agreement have been executed by all parties. Existing contracts related to the Bullabulling Project will be assigned to BBG Management and future contracts will be negotiated and entered into directly with BBG Management.

Bullabulling Gold Limited has been incorporated and the Implementation Agreement between GGG and Auzex has now been signed.

The search for a new non-executive Chairman for the proposed merged entity is underway, with an independent executive search firm appointed.

In the UK, preparations for the Scheme of Arrangement documentation and EGM Notice are underway and counsel has been appointed.

In Australia, the preparation of the EGM Notice for the divestment of Auzex's non-Bullabulling assets is underway.

Operationally BBG Management has appointed consultant mining engineer John Barton to lead the completion of the feasibility study from BBG Management's office in Perth.

Shareholders will be regularly advised of the progress in relation to the Merger process by way of news releases and on our website www.gggresources.com.

General enquiries, please contact:

 
 Dr. Jeffrey Malaihollo         David McArthur 
  MD, GGG Resources plc (UK)     GGG Resources plc (Australia) 
  Tel: + 44 1992 531820          BBG Management Pty Ltd 
  www.gggresources.com           41 Stirling Highway 
                                 Nedlands, WA 6009, Australia 
                                 Tel: + 61 8 9423 3200 
 Westhouse Securities Limited   Collins Stewart Europe Limited 
  (UK Nominated Adviser)         (Broker) 
  Tom Price / Martin Davison     John Prior / Adam Miller 
  Tel: + 44 20 7601 6100         Tel: + 44 20 7523 8350 
                               ------------------------------- 
 Neil Boom                      David Brook 
  MD, Gresham PR Ltd (UK).       Professional Public Relations 
  Tel: + 44 7866 805 108         (Australia media) 
                                 T: + 61 8 9388 0944/ +61 433 
                                 112 936 
                                 E: david.brook @ppr.com.au 
                               ------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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