Canyon Resources Ltd: Notice of Conditions for A2MP Takeover Offer
Key points
- A2MP Investments FZCO's off-market takeover bid for Canyon Resources Limited is ongoing.
- The offer remains subject to certain conditions as per the Bidder's Statement.
- A2MP holds 56.63% voting power in Canyon as of the notice date.
Full summary
A2MP Investments FZCO has issued a notice regarding its ongoing off-market takeover offer for all ordinary shares in Canyon Resources Limited it does not already own or control. The offer remains subject to specific conditions outlined in the Bidder's Statement, including a Minimum Acceptance Condition and a No Prescribed Occurrences Condition. As of the notice date, these conditions have not been met. A2MP currently holds 56.63% of the voting power in Canyon, which comprises 1,167,690,402 shares out of a total of 2,062,115,055 shares on issue.
Outlook
A2MP Investments FZCO continues to pursue its takeover offer for Canyon Resources Limited, subject to the fulfillment of specified conditions.
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