| Tue 22 Jan 2008, 10:47 | | MTX - Metorex - Offer by Metorex Limited |
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MTX
MEMTX
MTX - Metorex - Offer by Metorex Limited
METOREX LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1934/005478/06)
JSE code: MTX
ISIN: ZAE000022745
Issuer code: MEMTX
("Metorex" or "the company")
Offer by Metorex Limited ("Metorex") for Copper Resources Corporation ("CRC") -
Offer lapses
Metorex announces that the offer to the minority shareholders of CRC ("the
Offer") has lapsed.
On 18 January 2008, Metorex announced that it had unconditionally contracted to
acquire 5,590,000 CRC shares, representing approximately 6.6 per cent of the
existing issued share capital of CRC. These transactions were carried out off-
market via the execution of unconditional sale and purchase agreements on the
same terms as the Offer. The CRC shares were acquired from a number of CRC
shareholders who had previously accepted the Offer.
In addition and as previously announced, Metorex has also acquired a beneficial
interest in 33,293,392 CRC shares, representing approximately 39.1 per cent of
the CRC shares in issue. Therefore, Metorex has unconditionally contracted to
acquire CRC shares and now holds a beneficial interest in a total of 38,883,392
CRC shares, which combined represent, in aggregate, 45.6 per cent of the
existing issued share capital of CRC.
Enquiries:
Metorex Limited:
Charles Needham
Tel: +27 (0)11 880 3155
South African corporate adviser and South African sponsor to Metorex Limited:
Barnard Jacobs Mellet Corporate Finance (Pty) Ltd
Cobus Human
Natalie Di-Sante
Tel: +27 (0)11 283 0300
South African financial public relations adviser to Metorex Limited:
College Hill
Jacques De Bie
Hayley Crane
Tel: +27 (0)11 447 3030
Date: 22/01/2008 10:47:01 Produced by the JSE SENS Department.
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