13th Aug 2009 07:20
Dwyka Resources Limited ('Dwyka' or the 'Company')
Dwyka Offer for Minerva reaches 90% and Offer Closed
Dwyka moves to Compulsory Acquisition
and
Notice under Section 708A(5)(e) of the Corporations Act 2001
Dwyka increases its holding in Minerva to 91.01%
Dwyka has closed the offer and will now move to compulsory acquisition of the remaining Minerva shares
Dwyka issues a further 973,510 shares to accepting Minerva shareholders
Dwyka confirms that it has now received acceptances from Minerva Resources Plc shareholders represented 91.01% of the issued capital of Minerva Resources Plc. As a result Dwyka has closed the offer.
Dwyka will move to compulsorily acquire the remaining Minerva shares to move to 100% ownership.
Further to the announcement on 12 August 2009 that Dwyka had exceeded 90% acceptances of its offer for the entire issued share capital of Minerva, the Company has today issued and allotted a further 973,510 ordinary fully paid Dwyka shares ('Shares') to those Minerva shareholders that had accepted Dwyka's offer in the period from 1.00 p.m. (London time) on 5 August 2009 until 1.00 p.m. (London time) on 11 August 2009.
Application has been made to the AIM Market of the London Stock Exchange ("AIM") for 973,510 Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on 18 August 2009.
The Company gives this notice pursuant to Section 708A(5)(e) of the Corporations Act.
The Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act, in reliance on Section 708A(5)(e) of the Corporations Act.
The Company, as at the date of this notice, has complied with:
(a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and
(b) Section 674 of the Corporations Act.
There is no excluded information for the purposes of Sections 708A(7) and (8) of the Corporations Act.
For further information please contact:
Melissa Sturgess
Dwyka Resources Limited
(+44) (0)78 2555 1397 or [email protected]
In United Kingdom
Richard Brown
Richard Greenfield
Ambrian Partners Limited
(+44) (0)20 7634 4700
Press enquiries
Charlie Geller or Leesa Peters
Conduit PR
+44 (0)20 7429 6604/ +44 (0)79 7006 7320
Or visit: http://www.dwyresources.com
Related Shares:
Nyota Minerals