Perth, April 6, 2006 AEST (ABN Newswire) - Mega Uranium Ltd yesterday advised that it has waived all the conditions for its offer to acquire securities in Hindmarsh Resources Ltd.
Acceptances in respect of 78.61% of shares had been registered by close of business on Tuesday 4 April 2006. Based on Mega's share price at close of trade in Toronto on 4 April 2006, and a Canadian dollar exchange rate of $1.19, the implied value of Mega's offer is approximately A$1.66 per Hindmarsh share and A$1.17 per ASX listed Hindmarsh option.
Security holders who have already lodged acceptance forms will be issued shares in Mega in replacement for their Hindmarsh securities within one month. For security holders who have not yet accepted the offer, you will receive Mega shares within one month from the date of your acceptance, should you choose to accept.
Security holders who do not accept Mega's Offer will, if Mega receives acceptances of 90%, be subject to compulsory acquisition. If Mega does not receive acceptances of 90% of the securities, the result is likely to be that holders will hold securities in an unlisted company.
Contact
Peter Gill
Senior Consultant
FIELD PUBLIC RELATIONS
231 South Road
MILE END SA 5031
Tel: 08 8234 9555
Fax: 08 8234 9566
Mb: 0417 784 059
peter@fieldpr.com.au
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