Gryphon Minerals Limited

Published : August 19th, 2016

Court approves the release of the Scheme Booklet and orders the convening of the Scheme Meeting

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Keywords :   Australia | Burkina Faso | Georgia | Gold | K Street | Vote |

Court approves the release of the Scheme Booklet and orders the convening of the Scheme Meeting

ASX Announcement

16 August 2016

Court approves the release of the Scheme Booklet and orders the convening of the Scheme Meeting

Gryphon Minerals Limited (Gryphon) (ASX:GRY) announces that the Federal Court of Australia has today (16 August 2016) approved the Scheme Booklet for distribution to Gryphon shareholders and ordered that Gryphon convene the Scheme Meeting.

Corporate Directory

Non-Executive Chairman Mel Ashton

Managing Director Stephen Parsons

Non-Executive Directors Didier Murcia

Bruce McFadzean

Company Secretary Carl Travaglini

Teranga Gold Corporation to acquire Gryphon Minerals via Scheme of Arrangement (ASX 20/6/2016)

Banfora Gold Project, Burkina Faso

  • Fully permitted

  • Shovel ready

  • Exploration upside

    Highly Prospective Exploration Pipeline, Burkina Faso

  • Golden Hill and Gourma Projects

Contact Details

Principal & Registered Office 288 Churchill Avenue

SUBIACO WA 6008

T: +61 8 9287 4333

F: +61 8 9287 4334

E: [email protected]

ASX CODE GRY

www.gryphonminerals.com.au

For Media and Broker Enquiries Andrew Rowell / Luke Forrestal Cannings Purple

+61 400 466 226 / +61 411 479 144

[email protected] [email protected]

Scheme Meeting

The Scheme Meeting will be held at 10.00am (Perth time) on Friday, 23 September 2016 at 38 Station Street, Subiaco WA 6008.

The Scheme Meeting has been convened so that Gryphon shareholders can consider and, if thought fit, agree to the proposal by Teranga Gold Corporation (Teranga) to acquire all the ordinary shares in Gryphon by way of a scheme of arrangement in consideration for 0.169 Teranga CHESS Depositary Interests or 0.169 common shares of Teranga per Gryphon Share held on the Record Date (Scheme).

Independent Expert's Report and Gryphon Directors recommendation

The Scheme Booklet contains a report by the Independent Expert, KPMG Financial Advisory Services (Australia) Pty Ltd. The Independent Expert has concluded that in the absence of a superior proposal, the Scheme is fair and reasonable and therefore is in the best interests of shareholders.

The Gryphon Directors unanimously recommend that Gryphon shareholders vote in favour of the Scheme in the absence of a superior proposal. Each Gryphon Director intends to vote in favour of the Scheme in relation to all of the Gryphon shares held by them, or on their behalf, at the time of the Scheme Meeting in the absence of a superior proposal.

Scheme Booklet

A copy of the Scheme Booklet, which includes the Independent Expert's Report and the notice for the Scheme Meeting, will be released promptly after its lodgement for registration with the Australian Securities and Investments Commission on 17 August 2016.

The Scheme Booklet is expected to be dispatched to Gryphon shareholders (either by post or electronically) on or about 22 August 2016.

Gryphon Shareholders should carefully read the Scheme Booklet and the materials accompanying it before deciding whether or not to vote in favour of the Scheme.

Indicative timetable*

23 September 2016

Scheme Meeting

28 September 2016

Second Court Hearing for approval of the Scheme

6 October 2016

Record Date for determining entitlement to Scheme Consideration

13 October 2016

Implementation of the Scheme and issue of the Scheme Consideration

*The above dates are indicative only and are subject to change.

Queries

If you have any questions or require further information, please contact Gryphon's Chief Financial Officer on

+61 (08) 9287 4333.

Yours faithfully

Steve Parsons Managing Director

www.gryphonminerals.com.au

Read the rest of the article at www.publicnow.com
Data and Statistics for these countries : Australia | Burkina Faso | Georgia | All
Gold and Silver Prices for these countries : Australia | Burkina Faso | Georgia | All

Gryphon Minerals Limited

EXPLORATION STAGE
CODE : GRY.AX
ISIN : AU000000GRY4
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Contact Cpy

Gryphon Min. is an exploration gold and nickel company based in Australia.

Gryphon Min. holds various exploration projects in Australia.

Its main exploration properties are COLLURABBIE SOUTH, MOUNT WINDARRA, DUGGAN PROJECT, MULGABBIE PROJECT, MOUNT RANKIN, WEST BENDERING, MT ISA PROJECTS, WEST KIMBERLEY and RADIO PROJECT in Australia and BANFORA in Burkina Faso.

Gryphon Min. is listed in Australia. Its market capitalisation is AU$ 82.3 millions as of today (€ 73.4 millions).

Its stock quote reached its highest recent level on April 15, 2011 at AU$ 2.12, and its lowest recent point on December 05, 2014 at AU$ 0.04.

Gryphon Min. has 401 460 000 shares outstanding.

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10/31/2007Drilling Intersects Disseminated & Massive Sulphides Minara ...
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Corporate news of Gryphon Minerals Limited
8/19/2016Court approves the release of the Scheme Booklet and orders ...
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6/20/2016Teranga Gold to Acquire Gryphon Minerals
6/19/2016Teranga Gold Announces Agreement to Acquire Gryphon Minerals...
11/25/2015Divestment of Mauritanian Gold and Copper Assets
10/23/2015Notice of 2015 Annual General Meeting
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10/31/2014Update on Events in Burkina Faso
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3/16/2014Gryphon Minerals Sale and Resignation of Non Executive Direc...
11/5/2013"GRY" | Shareholder Update
9/23/2013| Presentation Update
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8/31/2011(Banfora)on track to becoming a significant gold producer, Banfora Go...
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