Takeover bid by Troy Resources Limited for Azimuth Resources Limited - Notice of extension of offer period


PERTH, Western Australia, June 21, 2013 /CNW/ - Azimuth Resources Limited (ABN 87 089 531 082) (Azimuth) (ASX, TSX: AZH) advises that it has received a Notice of Variation under subsection 650D(1) of the Corporations Act (Act) from Troy Resources Limited (Troy).

The Notice of Variation informs Azimuth that Troy:

- Varies its takeover offer, contained in its bidder's statement dated 9 May 2013 as supplemented
by a supplementary bidder's statement dated 24 May 2013 (Bidder's Statement), for all of the
ordinary shares (Offer) in Azimuth by extending the period during which the Offer will remain open
pursuant to section 650C of the Act.  The Offer will now close at 7.00pm (Sydney time) / 5.00am
(Toronto time) on 12 July 2013 (unless further extended).
- Varies the Bidder's statement by replacing 14 June 2013 with 12 July 2013 in each place where
the closing date for the Offer is specified in the Bidder's Statement or the Acceptance Form.
- Gives notice under section 630(2) of the Act that:
        a) The new date for giving notice of the status of the conditions set out in section 14.9 of the Bidder's statement (Conditions) is 5 July 2013;
        b) The Offer is not free from the Conditions; and
        c) So far as the Bidder knows, the Conditions were not fulfilled as at the date of the notice.

A copy of the notice was lodged with ASIC, and will be lodged on SEDAR (www.sedar.com) on 21 June 2013.  The notice of variation will also be sent to each of the Azimuth shareholders. ASIC takes no responsibility for the contents of the notice.

Yours faithfully,

Joshua Ward
Company Secretary


SOURCE: Azimuth Resources

For further information:

Russell Clark
Chief Executive Officer
Tel: +61 8 9381 2488

Bill Kemmery
Fortbridge Consulting Pty Ltd
Tel: +61 2 9003 0499
Tel: +61 400 122 449

Organization Profile

Azimuth Resources

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890