Brief: Focus Minerals Responds to China Hanking's Offer To Buy Coolgardie Gold Project

Hanking Gold International

25/09/2019 09:05

Sept 25 (Reuters) - Focus Minerals  FML.AX :
    * NOTES ANNOUNCEMENT BY CHINA HANKING ON A NON- BINDING
INDICATIVE
CASH OFFER IT MADE TO POTENTIALLY ACQUIRE COOLGARDIE GOLD
PROJECT
    * BOARD HAS CONCLUDED THAT HANKING NBIO, AS CURRENTLY
PRESENTED,
IS NOT A SUPERIOR PROPOSAL FOR PURPOSES OF EXCLUSIVITY DEED
    * IN ABSENCE OF SUPERIOR PROPOSAL, CO TO CONTINUE TO ENGAGE
WITH
HORIZON REGARDING PROPOSAL TO BUY COOLGARDIE GOLD PROJECT

Source text: bit.ly/2kXogr2
Further company coverage:  3788.HK 

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