TORONTO, July 26, 2012 /CNW/ - Gladstone Pacific Nickel Limited ("GPNL"
or the "Company") announces that Fairway Coal Pty Ltd ("Fairway") has
lodged with the Australian Securities & Investments Commission ("ASIC")
a notice in relation to the takeover offer by Fairway for all the
shares in GPNL that it does not already own (the "Offer"), pursuant to
the Bidders Statement dated 5 June 2012.
In accordance with section 650D of the Corporations Act 2001 (Cth) Fairway gives notice that the offer is varied by extending the
period during which the offer remains open for acceptance from 5pm
(Sydney time) 23 July 2012 to 5pm (Sydney) time 6 August 2012 ( unless
Gladstone Pacific Nickel Limited is an Australian mining development
company presently undertaking an Integrated Definitive Feasibility
Study for the Gladstone Nickel Project. The Company's vision is to
build a major long-life nickel cobalt refinery at the deepwater Port of
Gladstone, in Central Queensland, Australia, treating abundant high
grade nickel laterite ores from New Caledonia and other south-west
Pacific islands, underpinned by beneficiated ores from its own
Marlborough deposits. The Project has the potential to be one of the
largest of its type in the world producing some 126,000 tpa nickel (8 -
10% of global nickel demand) and 10,400 tpa of cobalt metal from its
first two stages.
SOURCE: Gladstone Pacific Nickel Ltd.
For further information:
For more information or comment
Blair Brewster - Gladstone Pacific Nickel Ltd
Tel:+61(0)7 3231 7100