Inova Resources Limited: Intended Takeover Offer
Published : August 21, 2013

Notice in relation to the announcement made today by Shanxi Donghui Coal Coking & Chemicals Group Co., Ltd that it intends to make an off-market takeover offer to acquire all of the ordinary shares in Inova.

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Keywords :   Australia | Coal | Market |

MELBOURNE, AUSTRALIA--(Marketwired - Aug. 21, 2013) - Inova Resources Limited (TSX:IVA)(News - Market indicators) (the Company) refers to the announcement made today by Shanxi Donghui Coal Coking & Chemicals Group Co., Ltd (Shanxi Donghui). As detailed in that announcement, Shanxi Donghui has entered into a pre-bid acceptance deed with the Company's majority shareholder Turquoise Hill Resources Limited (Turquoise Hill), and intends to make an off-market takeover offer for all of the ordinary shares in the Company at A$0.22 cash per share (Takeover Offer).

The Company notes that under the pre-bid acceptance deed, Turquoise Hill has agreed to accept into the Takeover Offer for 14.9% of the shares in the Company, unless a superior proposal emerges prior to accepting the Takeover Offer and Shanxi Donghui does not match that proposal. Shanxi Donghui has lodged a substantial shareholder notice.

Shanxi Donghui's announcement states that the Takeover Offer will be subject to a number of conditions including a 51% minimum acceptance condition and approvals including from FIRB and from Chinese regulatory bodies. The full list of conditions is set out in Annexure A to the announcement.

Shareholders should refer to the announcement made by Shanxi Donghui for further details on the key terms of the pre-bid acceptance deed and on the Takeover Offer.

The Company's Independent Board Committee will assess the terms of the announcement and of any Takeover Offer, and update shareholders in due course.

Inova Resources Limited (ABN 20 107 689 878)



Inova Resources Limited
Stephen Nossal
Senior VP Corporate Development
+61 3 9090 8800
Stephen.Nossal@InovaResources.com
www.InovaResources.com
or
Media:
Nerida Mossop
Hintons
+61 3 9600 1979 or +61 437 361 433
Data and Statistics for these countries : Australia | All
Gold and Silver Prices for these countries : Australia | All

Ivanhoe Australia Limited

EXPLORATION STAGE
CODE : IVA.AX
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Ivanhoe Australia is a copper and gold exploration company based in Australia.

Ivanhoe Australia develops copper, gold, molybdenum and rhenium in Australia.

Its main asset in development is MERLIN in Australia and its main exploration property is CLONCURRY/ SWAN - MT ELLIOT in Australia.

Ivanhoe Australia is listed in Australia. Its market capitalisation is AU$ 90.0 millions as of today (US$ 82.1 millions, € 60.5 millions).

Its stock quote reached its highest recent level on December 04, 2009 at AU$ 4.24, and its lowest recent point on June 07, 2013 at AU$ 0.10.

Ivanhoe Australia has 418 410 103 shares outstanding.

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Nominations of Ivanhoe Australia Limited
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1/15/2013Announces Company Secretary Appointment
6/28/2011Appoints Jim Askew as an Independent Non-Executive Director
Financials of Ivanhoe Australia Limited
7/29/2011Quarterly and Cash Flow Report for the Three Months Ending 3...
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5/2/2011's Quarterly and Cash Flow Report for the Three Months Endin...
Project news of Ivanhoe Australia Limited
2/24/2011(Cloncurry/ Swan - Mt Elliot)Drilling Continues to Intersect High-Grade Copper and Gold M...
12/8/2008High-Grade Molybdenum and Rhenium Discovery Confirmed by Iva...
Corporate news of Ivanhoe Australia Limited
10/24/2013Inova Resources Limited: Shanxi Donghui Conditional Takeover...
10/17/2013Inova Resources Limited: Shanxi Donghui Receives Chinese NDR...
10/6/2013Inova Resources Limited: Shanxi Donghui Conditional Takeover...
9/27/2013Inova Releases Target's Statement
9/19/2013Inova Resources Limited: Updated Starra 276 Mineral Resource...
9/13/2013Inova Resources Limited: Shanxi Donghui Dispatches Bidder's ...
9/5/2013Inova Resources Limited: Positive Initial Gold Results from ...
8/30/2013Inova Resources Limited: Shanxi Donghui Lodges Bidder's Stat...
8/21/2013Inova Resources Limited: Intended Takeover Offer
7/31/2013Inova Resources Quarterly Report for the Three Months Ending...
7/9/2013Market Update on Inova Resources' Exploration and Drilling P...
6/17/2013Name Changed to Inova Resources Limited
5/22/2013Proposed Company Name Change to Inova Resources Limited
4/23/2013Appoints Highly Experienced Geologist, Mark McGeough, as Gen...
4/11/2013Response to Media Article
3/19/2013Production Successfully Commenced at Starra 276 Underground ...
2/11/2013Revised Share Trading Policy
1/29/2013Pro-Rata Entitlement Issue Shortfall Placement
1/7/2013CORRECTION FROM SOURCE: Ivanhoe Australia Announces New Mana...
10/31/2012Quarterly Report for the Three Months Ending 30 September 20...
9/19/2012Upgrade to Mineral Resource; Over 60% Increase in Contained ...
8/31/2012Sale of Exco Limited Shares
8/23/2012Sale of Exco Resources Limited Shares
8/16/2012Strategic & Business Review Complete
7/30/2012Secures US$50 Million Working Capital Facility
6/26/2012First Phase of Strategic and Business Review
6/15/2012First Shipment of Concentrate From the Osborne Copper-Gold P...
6/8/2012Change of CEO
4/30/2012Significant Drilling Results at Ivanhoe Australia's Kulthor ...
4/12/2012Announces Board Changes
3/8/2012Achieves Producer Status
1/31/2012Accesses Very High Grade Little Wizard Molybdenum & Rhenium ...
1/19/2012Significant High-Grade Copper-Gold Intercepts in Resource De...
1/12/2012Receives $30.1 Million Distribution From Exco Resources' Ass...
10/28/2011Osborne Copper Gold Project on Track to Advance Ivanhoe Aust...
10/13/2011Completes Acquisition of 80% Interest in Exco Joint Venture ...
10/5/2011Foreign Investment Review Board Approval for Ivanhoe Mines t...
9/16/2011to Raise Up to A$150 Million Net Proceeds
4/20/2011Clarifies its Position on Exco Resources Limited's Market Re...
10/30/2009Quarterly Report to 30 September 2009
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