Brief: Sierra Rutile Announces Unsolicited Proposal From Leonoil
July 15 (Reuters) - Sierra Rutile Holdings Ltd SRX.AX :
* UNSOLICITED PROPOSAL FROM LEONOIL COMPANY LIMITED
* BID IN SRX WHICH LEONOIL DOES NOT ALREADY OWN FOR A$0.18
CASH
PER SHARE
* LEONOIL HOLDS 19.85% OF ISSUED AND OUTSTANDING ORDINARY
SHARES
IN SRX.
Further company coverage: SRX.AX
((Reuters.Briefs@thomsonreuters.com;))
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