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Central Australian Phosphate Ltd Directors Unanimously Recommend That CEN shareholders Accept Rum Jungle Resources Ltd's Takeover Offer

Tuesday, 16 Jul 2013 08:13pm EDT 

Rum Jungle Resources Ltd announced that Central Australian Phosphate Ltd's CENs directors unanimously recommended that CEN shareholders accept Rum Jungle Resources Ltd's 'Increased' Offer. Rum Jungle Resources Ltd (RUM) announced that as at 7.00pm on July 16, 2013, it had received acceptances in respect of 51.1% of CEN shares. On 10 July 2013, Rum Jungle Resources announced that it had declared its Offer unconditional and had accelerated payment terms so that accepting shareholders are paid by the later of July 24, 2013 and 10 business days after the shareholder's acceptance has been processed or instructions received. As at 7.00pm on July 16, 2013, RUM's voting power in CEN had increased to more than 50%. In accordance with section 624(2) of the Corporations Act 2001 (Cth), the Offer Period has now been automatically extended so as to end 14 days after RUM achieved a 50% relevant interest in CEN. The Offer Period is now scheduled to close at 7pm (Melbourne time) on July 30, 2013, unless extended. 

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4 May 2015