Gains over 90% of Acceptances in CEN
Perth, Nov 18, 2013 AEST (ABN Newswire) - Rum Jungle Resources Ltd (
ASX:RUM) (Rum Jungle Resources) is pleased to announce that it has received acceptances in respect of 90.347% of Central Australian Phosphate Limited's (Central Australian Phosphate) issued shares, under its offmarket takeover bid for Central Australian Phosphate (the Offer).
Rum Jungle Resources intends to proceed to compulsorily acquire all of the outstanding shares in Central Australian Phosphate in accordance with the Corporations Act 2001 (Cth), as foreshadowed in its Bidder's Statement relating to the Offer.
The Offer is currently scheduled to close on 6 December 2013 and will not be extended.
On reaching this important milestone, the Managing Director, David Muller, commented as follows:
"the consolidation of the Ammaroo Phosphate Project has been a lengthy process. It started slowly in March and finished slowly, but the overall result has been an outstanding success, contributed to by many important players. I wish to thank all those who worked diligently and generously to assist Rum Jungle Resources Ltd achieve its ultimate goal."
About Verdant Minerals Ltd
Verdant Minerals Ltd's (ASX:VRM) strategic intent is to create shareholder value through the discovery, development and operation of fertiliser and industrial mineral projects, located in close proximity to existing transport infrastructure, with a primary focus on the Northern Territory of Australia.
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