Bidders Statement to acquire Breakaway Resources Ltd
Adelaide, Aug 1, 2013 AEST (ABN Newswire) - Further to Minotaur Exploration Limited's (
ASX:MEP) proposed takeover offer for Breakaway Resources Limited (Breakaway) announced to ASX on 15 July 2013 and pursuant to step 5 in section 633(1) of the Corporations Act, a copy of Minotaur's bidder's statement is attached. It was lodged with ASIC earlier today.
Please note the following key dates:
- Register Date (the date for determining the Breakaway Shareholders who are to receive the bidders statement, inclusive of the takeover offer therein): 1 August 2013.
- Offer opens: 9 August 2013.
- Conditions Notice Date (the date for giving notice on the status of the Defeating Conditions): 3 September 2013.
- Offer closes (unless extended or withdrawn): 11 September 2013.
To view the bidders statement, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-MEP-747572.pdf
About Minotaur Exploration Ltd
Minotaur Exploration Ltd (ASX:MEP) is a public company listed on the Australian Securities Exchange (ASX) under the market code MEP. MEP commenced trading on ASX on 25 February 2005. Minotaur has extensive minerals exploration tenements in South Australia, New South Wales, Victoria, Queensland and Western Australia.
The Company is governed by a Board of Directors according to Australian Corporate law and the Listing Rules of the ASX. Minotaur specialises in application of innovative geophysical techniques to locate virgin mineralisation deep below the surface. Often, economic mineral deposits are contained within basement rocks, buried below several hundred metres of transported cover (overburden) and cannot be located through conventional surface exploration methods such as soil sampling, geochemical assays and drilling. Minotaur's remote sensing and interpretative approach has proven very successful, time and time again.
The directors and management of Minotaur each have over 30 years of exploration, mining and mineral resource experience and are eminently qualified in their respective fields of expertise. Under their direction, Minotaur has earned a strong reputation for technical excellence and a high profile within the Australian resources sector. Minotaur's share register comprises 3500 shareholders.
Minotaur is actively exploring IOCG style targets in Australia, where geophysics have identified numerous sub-surface anomalies prospective for copper-gold mineralisation and other targets prospective for base metals such as zinc, lead, copper.
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