GALAXY TAKEOVER OFFER EXTENDED
ASX ANNOUNCEMENT 26 July 2016
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The Board of General Mining continues to recommend that shareholders ACCEPT the Galaxy offer
General Mining Corporation ABN: 95 125 721 075
ASX Code: GMM
Issued Capital: 318,397,526 shares
15,000,000 unlisted options
Share Price:
$0.725 per share
Market Capitalisation:
AUD$230.8M
Board of Directors Mr Michael Fotios Executive Chairman
Mr Alan Still
Non‐executive Director
Mr Michael Kitney
Non‐executive Director
Company Secretary
Ms Karen Brown
www.generalmining.com Address:
89 Burswood Road Burswood WA 6100
General Mining Corporation Limited (ASX:GMM, "General Mining" or the "Company") notes the announcement by Galaxy Resources Limited ("Galaxy") on Friday 22 July 2016 extending its off‐market takeover offer to 5pm (WST) Friday 5 August 2016 unless otherwise extended. Under the offer, General Mining shareholders will receive 1.65 new Galaxy shares for every 1 General Mining share held.
Since the offer opened on 28 June 2016, Galaxy has received acceptances for 72.4% of the fully paid ordinary shares in General Mining, giving it a total relevant interest (allowing for the 6 million GMM shares it already owns) of 74.3% in GMM's shares.
The Board of General Mining continues to recommend that its shareholders ACCEPT the Galaxy Offer in the absence of a superior proposal and each of the Directors who holds or controls General Mining shares, including Executive Chairman Michael Fotios, has now accepted the offer.
General Mining shareholders who have not accepted the Offer can do so by completing the Acceptance Form that was enclosed with Galaxy's original Bidder's Statement and sending it to the address shown in the Acceptance Form. General Mining shareholders who hold their shares in a CHESS holding may accept the Offer by instructing their Controlling Participant (usually a broker) to do so on their behalf.
If you have any questions regarding the Offer, please call the Galaxy Offer Information Line on 1300 618 450 (toll free within Australia) or
+61 3 9415 4014 (normal call charges apply) from outside Australia, or your professional financial advisor.
Telephone:
08 9227 1186
Facsimile:
08 9227 8178
Further inquiries:
Michael Jardine
Business Development Manager Tel: +61 8 6241 1832 or
+61 424 615 047
‐ENDS‐
Jon Snowball FTI Consulting
Tel: +61 2 8298 6100 or
+61 477 946 068
[email protected]
[email protected]