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Minmetals Resources Ltd Receives FIRB Approval to Acquire Anvil Mining Ltd

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HONG KONG, Oct. 24, 2011 /PRNewswire-Asia/ — Minmetals Resources Limited (HKSE: 1208) (“MMR” or “the Company”) announced today that it has received formal notification from the Treasurer of the Commonwealth of Australia under the Foreign Acquisitions and Takeovers Act 1975 (Commonwealth of Australia) that the Treasurer does not object to MMR’s offer to acquire all of the common shares (on a fully diluted basis) of Anvil Mining Limited (TSX:AVM) (ASX: AVM) (“Anvil”) (“FIRB Approval”).

Receipt of FIRB Approval satisfies one of the key conditions set out in MMR’s offer for Anvil announced on 30 September 2011 which was formally commenced through the issue of the takeover bid circular to Anvil shareholders on 19 October 2011 (“Circular”).

MMR’s offer of CAN$8.00 per Anvil share in cash is open for acceptance until 8.00pm Toronto time on 24 November 2011 subject to the terms and conditions set out in the Circular.

Andrew Michelmore, CEO and Executive Director of MMR said: “FIRB Approval achieves a key condition and was a necessary step before MMR could take up shares tendered into MMR’s offer. Now that Anvil shareholders have the offer documentation we urge them to accept the offer before it closes.”

Media enquiries Australia:
Sally Cox
Group Manager – Communications
Minmetals Resources Limited
Tel: +61-3-9288-0850
Mobile: +61 417 144 524

Investor enquiries:
Martin McFarlane
General Manager – Investor Relations
Minmetals Resources Limited
Tel: +61-3-9288-0954
Mobile: +61-467-749-759

Media enquiries Canada:
Ian Hamilton
DFH Public Affairs
Tel: +416-206-0118 ext.222

Chinese language investor and media enquiries:
Shelldy Cheung
Kreab Gavin Anderson
Tel: +852-2218-9966

SOURCE Minmetals Resources Limited

Written by asiafreshnews

October 25, 2011 at 11:14 am

Posted in Business & Finance

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