Brief: MC Mining Announces Non-Binding Indicative Offer From Vulcan Resources

MC Mining

10/03/2024 23:34

March 11 (Reuters) - MC Mining Ltd  MCM.AX :
    * NON-BINDING INDICATIVE OFFER FROM VULCAN RESOURCES
    * RECEIPT OF NON-BINDING INDICATIVE OFFER OF BETWEEN A$0.17C
AND
A$0.20C FROM VULCAN RESOURCES
    * CONFIRMS THAT IT IS IN RECEIPT OF A LETTER FROM VULCAN
RESOURCES
ON OFFER
    * DEAL VALUING CO'S EQUITY AT BETWEEN A$69.34 MILLION AND
A$81.58
MILLION
    * INDEPENDENT BOARD COMMITTEE TO EVALUATE INDICATIVE TERMS
OF
PROPOSAL LETTER
    * NOTES PROPOSAL LETTER AT INDICATIVE PRICE RANGE HIGHER
THAN
CURRENT TAKEOVER OFFER PRICE OF A$0.16 PER SHARE BY GOLDWAY
CAPITAL INVESTMENT
    * NO CERTAINTY ANY FORMAL OFFER BY VULCAN WILL BE RECEIVED
NOR
TERMS THEREOF

Further company coverage:  MCM.AX 

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