Asian Mineral Resources Limited Responds to Norilsk Nickel's Intention to Make an Offer
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 05/24/12 -- Asian Mineral Resources Limited ("AMR" or the "Corporation") (TSX VENTURE: ASN) today responds to the announcement by OJSC "MMC NORILSK NICKEL" ("Norilsk") made on May 23, 2012, of Norilsk's intention to make an all-cash take-over bid for all of the shares of AMR.
AMR's directors considered a written invitation from Norilsk to enter into negotiations which was delivered mere hours before Norilsk issued its press release on May 23, 2012. The directors of AMR have considered Norilsk's proposed offer as disclosed by Norilsk in its press release and determined that:
Based on a recommendation of all of the independent directors of AMR who were able to attend a meeting of AMR's directors, the AMR directors have determined that it is in the best interests of AMR to proceed with the special meeting of AMR's shareholders scheduled for May 25, 2012 for the purposes of considering, and if thought appropriate, passing a resolution to approve the creation of a new control person pursuant to a private placement involving Pala.
AMR's shareholders are cautioned that Norilsk's press release of May 23, 2012, does not constitute an offer that is capable of being accepted by AMR's shareholders and that such an offer may not be made or, if made, may not be completed.
Company Profile
Asian Mineral Resources Limited is developing the Ban Phuc Nickel Project in Vietnam, a 5 hour drive north-west of Hanoi, in which it has a 90% interest. For further details on the Corporation and the Ban Phuc Nickel Project, please refer to the website at .
Contacts:
Asian Mineral Resources Limited
Paula Kember
CFO
(416) 360-3412
(416) 367-1954 (FAX)
#9 Nguyen Hong Road
Ba Dinh District
Hanoi, VIETNAM
+84 4 3773 7997
+84 4 3773 7996 (FAX)
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Datum: 24.05.2012 - 13:41 Uhr
Sprache: Deutsch
News-ID 149872
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Mining & Metals
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