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Provider: Wright Reports
Provider: Thomson Reuters Stock Report

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Troy Resources Ltd Updates On Takeover Offer For Azimuth Resources Ltd

Thursday, 20 Jun 2013 09:24pm EDT 

Troy Resources Ltd announced that it has now received acceptances from more than 1,660 shareholders holding 68.72% of the shares in Azimuth Resources Ltd (this comprises direct acceptances and shares lodged into the Institutional Acceptance Facility, including the acceptances received into the IAF of Azimuth’s two largest shareholders representing 22.35% of the shares in Azimuth). processing acceptances and issuing new Troy shares to Azimuth shareholders once the 90% acceptance threshold is satisfied. Under the Corporations Act, the Troy offer cannot be extended during the last 7 days of the offer period whilst it remains subject to the 90% minimum acceptance condition. For that reason, Troy has made the decision to extend the offer for a further two weeks. The Offer will now close at 7.00pm (Sydney time) / 5.00am (Toronto time) on July 12, 2013. 

Company Quote

0.043 +5.21%
15 Sep 2014