| Fair & Reasonable Conclusion for Proposed Cirrus Acquisition | |
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Registered Office:
255 Hay St, Subiaco, 6008, WA
Postal - 8 Tilton Tce, City Beach, 6015
+61407737973 Managing Director
+61411558940 Company Secretary
ASX ANNOUNCEMENT
21 April 2015
Cirrus Networks Pty Ltd - Update on Acquisition - "Fair and Reasonable" Determination
Report received from Independent Expert
Liberty Resources Ltd (ASX:LBY) ("Liberty" or the "Company) is pleased to advise that it has now received the Independent Expert's Report from BDO Corporate Finance (WA) Pty Ltd in relation to the proposed acquisition of Cirrus Networks Pty Ltd ("Cirrus") which has determined that the terms of that acquisition are "fair and reasonable" to the Shareholders of the Company.
The Company has received advice from ASX that it has no objection to the draft Notice of
Meeting, and expects to dispatch the Notice imminently. The Notice will be released to the market at that time.
The meeting will also deal with a 1:2 share consolidation, approval for a capital raising, change of name of the Company and the disposal of the Company's remaining mining assets.
Catherine Anderson
Company Secretary
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Liberty Resources Ltd.
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CODE : LBY.AX |
ISIN : AU000000LBY8 |
CUSIP : 53123Q103 |
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Liberty Resources is a gold and nickel exploration company based in Australia. Liberty Resources holds various exploration projects in Australia. Its main exploration property is DIE HARDY in Australia. Liberty Resources is listed in Australia. Its market capitalisation is AU$ 14.5 millions as of today (US$ 10.5 millions, € 9.6 millions). Its stock quote reached its lowest recent point on April 24, 2015 at AU$ 0.01, and its highest recent level on September 11, 2020 at AU$ 2.22. Liberty Resources has 438 900 000 shares outstanding. |