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Troy Resources Ltd Declares Offer For Azimuth Unconditional


Tuesday, 2 Jul 2013 12:25am EDT 

Troy Resources Ltd announced that it has declared its takeover offer for the shares in Azimuth Resources Limited (Azimuth) free from all conditions. As at 2.00pm (Sydney time) on July 2, 2013, Troy’s voting power (plus acceptance instructions under the Institutional Acceptance Facility) was 78.23%. As the offer has now been declared unconditional, Troy has a relevant interest and voting power in the shares in the Institutional Acceptance Facility. Processing of all acceptances received to date will now commence. Azimuth shareholders who have already accepted Troy’s offer, or who do so prior to 7.00pm (Sydney time)/ 5.00am (Toronto) time on Friday, July 5, 2013, will be issued their new Troy shares on July 11, 2013. Azimuth shareholders who accept after that date will be issued their Troy shares in accordance with the terms of the Troy offer. The offer continues to be unanimously recommended by the board and CEO of Azimuth and shareholders who have not accepted the Troy offer are encouraged to do so as soon as possible. The offer is scheduled to close at 7.00pm (Sydney time) / 5.00am (Toronto time) on July 12, 2013 (unless extended). 

Company Quote

1.29
0.04 +3.20%
11:13pm EDT