Microsoft Word - 0049 - SRK - Bentleys takeover offer now closed 03-09-15
3 September 2015
BENTLEY TAKEOVER OFFER NOW CLOSED
REMAINS SUBJECT TO PRESCRIBED OCCURRENCES CONDITION
Strike Resources Limited (Strike) (ASX: SRK) notes the conditional off-market takeover offer by Bentley Capital Limited (Bentley) (ASX:BEL) for all the shares in Strike (Offer) closed at 5:00 pm (AWST) on 2 September 2015.
As announced to the market, Bentley held a relevant interest in Strike of 31.03% at the close of the Offer.
Bentley's Offer remains subject to the "no prescribed occurrences" condition. Bentley has up until Monday 7 September to waive this condition, following which the Offer would become unconditional. If Bentley does not waive this condition, then all contracts resulting from the acceptance of the Offer will be automatically void.
Should Bentley declare the Offer unconditional on or before Monday 7 September, then Bentley is required to pay the consideration payable to those Strike shareholders who have accepted the Offer by Wednesday 23 September.
-ENDS-
For further information, please contact
David Palumbo Company Secretary Strike Resources
Tel: +(61) 8 9481 0389 [email protected]
About Strike Resources
Strike Resources is an ASX listed iron ore project developer, owner of the high grade Apurimac magnetite project in Peru.
Apurimac is 100% owned by Strike and has the potential to support the establishment of a significant iron ore operation, based on some of the highest magnetite grades in the world.
Alongside Apurimac, Strike holds the Cusco Iron Ore Project, and an interest in the Cerro Ccopane project, both of which are also magnetite projects in Peru.
Strike retains significant cash reserves and is presently reviewing alternative options with regard to utilisation of these funds.
Strike Resources Limited (ABN 94 088 488 724)
Registered Office: Level 11, 216 St Georges Terrace, Perth Western Australia 6000 web: www.strikeresources.com.au email: [email protected]