Brief: Australia's Takeovers Panel Says Bullseye Mining Declaration Of Unacceptable Circumstances

Emerald Resources NL

06/10/2023 09:20

Oct 6 (Reuters) - Australian Government's Takeovers
Panel:
    * BULLSEYE MINING DECLARATION OF UNACCEPTABLE CIRCUMSTANCES
AND 
ORDERS
    * CONSIDERS THERE IS SUFFICIENT MATERIAL TO INFER TAKEOVER
BID,
AMONG OTHERS, BY EMERALD RESOURCES ARE PART OF ONE DEAL
    * CONSIDERS CIRCUMSTANCES UNACCEPTABLE AS ACQUISITION OF
CONTROL
OVER BULLSEYE NOT TAKEN PLACE IN EFFICIENT MANNER
    * CONSIDERS BULLSEYE SHAREHOLDERS NOT PROVIDED WITH
SUFFICIENT
INFO TO ASSESS MERITS OF TAKEOVER BID
    * MADE ORDERS THAT FOR 3 YEARS, EMERALD, ASSOCIATES BE
RESTRICTED
FROM EXERCISING VOTING RIGHTS FOR CERTAIN BULLSEYE SHARES

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 ((Reuters.Briefs@thomsonreuters.com;))