23rd Oct 2009 07:09
NYOTA MINERALS LIMITED
COMPLETION OF COMPULSORY ACQUISTION OF MINERVA RESOURCES PLC,
ISSUE OF SHARES
and
NOTICE UNDER SECTION 708(5)9E) OF THE CORPORATIONS ACT 2001
Completion of the compulsory acquisition of the remaining Minerva shares.
2,772,466 Nyota Shares have been issued as consideration.
Minerva is now a wholly owned subsidiary of Nyota.
Nyota Minerals Limited ('Nyota' or the 'Company') announces that it has completed the compulsorily acquisition of those Minerva Resources plc ("Minerva") shares from Minerva shareholders that had not accepted the recommended share offer by Nyota for Minerva. Nyota is now holder of the entire issued share capital of Minerva.
The Company has today issued and allotted a further 2,772,466 ordinary fully paid Nyota shares (the 'Shares') as consideration.
Application has been made to the AIM Market of the London Stock Exchange ('AIM') for the Shares to be admitted to trading on AIM ('Admission'). Admission is expected to take place at 8.00a.m.on 28 October 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:
|
Nyota Minerals Limited |
Tel: +44 (0)78 2555 1397 |
|
Melissa Sturgess, CEO and Chairman |
melissa@nyotaminerals.com |
|
Ambrian Partners Limited |
Tel: +44 (0)20 7634 4700 |
|
Richard Brown |
|
|
Richard Greenfield |
|
|
Conduit PR |
Tel: +44 (0)20 7429 6604 |
|
Charlie Geller |
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|
Leesa Peters |
or visit: www.nyotaminerals.com
Related Shares:
Nyota Minerals