Fitzroy River Corporation Ltd

Published : December 19th, 2016

RCO - Target's Statement - 19 December 2016

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Charts | Privacy | Target |

RCO - Target's Statement - 19 December 2016

19th December 2016

The Manager

ASX Company Announcements Melbourne

Target's Statement

Attached is a copy of the Target's Statement of Royalco Resources Limited in response to the off-market takeover bid by Fitzroy River Corporation Limited for all the ordinary shares in Royalco, as announced to ASX on 14 December 2016.

The Directors unanimously recommend that shareholders ACCEPT the Offer in the absence of a superior proposal.

The supporting reasons for the Directors' recommendations are set out in full in the Target's Statement.

For any queries please contact: Peter Topham

Ph: 61 3 9602 3626

Fax: 61 3 9670 4479

PJ Topham

Executive Chairman and Managing Director

Target's Statement

This Target's Statement has been issued in response to the off-market cash takeover bid made by Fitzroy River Corporation Limited (ABN 75 075 760 655) (Fitzroy) to acquire all of the ordinary shares in Royalco Resources Limited (Royalco or the Company) for 20 cents cash each.

The Royalco Directors unanimously recommend that Shareholders ACCEPT the Offer in the absence of a superior proposal.

Unless extended, the Offer closes on 30 January 2017.

Legal Adviser to Royalco

IMPORTANT INFORMATION

This is an important document that should be read in its entirety. If you are in any doubt how to deal with this document, you should contact your broker, financial, taxation or legal adviser immediately.

CONTENTS

  1. DIRECTORS' RECOMMENDATION AND REASONS 5

  2. FREQUENTLY ASKED QUESTIONS 7

  3. IMPORTANT MATTERS FOR SHAREHOLDERS TO CONSIDER 10

  4. KEY FEATURES OF THE OFFER 14

  5. INFORMATION REGARDING ROYALCO 16

  6. INFORMATION RELATING TO THE DIRECTORS 18

  7. ADDITIONAL INFORMATION 19

  8. GLOSSARY AND INTERPRETATION 22

  9. AUTHORISATION 24

KE Y D AT E S

Date of Announcement of Fitzroy's Offer 14 December 2016

Date of this Target's Statement 19 December 2016

Closing Date of Offer Period (unless extended)

7.00pm (AEDT) on 30 January 2017

ENQ U IRIES

You may call Royalco on +61 3 9602 3626 if you have any queries in relation to the Offer.

Further information relating to the Offer can be obtained from the ASX website (ASX Code: RCO) at www.asx.com.au or from Royalco's website at www.royalco.com.au

IM P O RT AN T N O T I CE S

Nature of this document

This is a Target's Statement issued by Royalco under Part 6.5 Division 3 of the Corporations Act in response to the off- market takeover offer made by Fitzroy for all of the fully paid ordinary shares in Royalco.

ASIC lodgement

This Target's Statement is dated 19 December 2016 and was lodged with the ASIC and given to ASX on that date. Neither ASIC, nor ASX, nor any of their respective officers take any responsibility for the contents of this Target's Statement.

Defined terms

A number of defined terms are used in this Target's Statement. These terms are explained in section 8 of this Target's Statement. In addition, unless the contrary intention appears or the context requires otherwise, words and phrases used in this Target's Statement and defined in the Corporations Act have the same meaning and interpretation as in the Corporations Act.

No account of personal circumstances

This Target's Statement does not take into account your individual objectives, financial situation or, particular needs. It does not contain personal advice. Your Directors encourage you to seek independent financial and taxation advice before making a decision as to whether or not to accept the Offer.

Disclaimer as to forward looking statements

Some of the statements appearing in this Target's Statement may be in the nature of forward looking statements. You should be aware that such statements are only predictions and are subject to inherent risks and uncertainties. Those risks and uncertainties include, without limitation, factors and risks specific to the industry in which Royalco operates as well as general economic conditions. Actual events or results may differ materially from the events or results expressed or implied in any forward looking statement.

None of Royalco, Royalco's officers, employees and advisers, any persons named in this Target's Statement with their consent, or any person involved in the preparation of this Target's Statement, makes any representation or warranty (express or implied) as to the accuracy or likelihood of fulfilment of any forward looking statement, or any events or results expressed or implied in any forward looking statement, except to the extent required by law. You are cautioned not to place undue reliance on any forward looking statement. The forward looking statements in this Target's Statement reflect views held only as at the date of this Target's Statement. Royalco does not undertake to update any forward- looking information or statements, except in accordance with applicable securities laws.

Disclaimer as to information

The information on Fitzroy contained in this Target's Statement has been prepared by Royalco using publicly available information. The information in this Target's Statement concerning Fitzroy, has not been independently verified by Royalco. Accordingly, Royalco does not, subject to the Corporations Act, make any representation or warranty (express or implied) as to the accuracy or completeness of such information.

Foreign jurisdictions

The release, publication or distribution of this Target's Statement in jurisdictions other than Australia may be restricted by law or regulation in such other jurisdictions and persons who come into possession of it should seek advice on and observe any such restrictions. Any failure to comply with such restrictions may constitute a violation of applicable laws or regulations.

This Target's Statement has been prepared in accordance with Australian law and the information contained in this Target's Statement may not be the same as that which would have been disclosed if this Target's Statement had been prepared in accordance with the laws and regulations outside of Australia.

Maps and diagrams

Any diagrams, charts, maps, graphs and tables appearing in this Target's Statement are illustrative only and may not be drawn to scale. Unless stated otherwise, all data contained in diagrams, charts, maps, graphs and tables is based on information available at the date of this Target's Statement.

Privacy

Royalco has collected your information from its register of members for the purpose of providing you with this Target's Statement. The type of information Royalco has collected about you includes your name, contact details and information on your shareholding in Royalco. Without this information, Royalco would be hindered in its ability to issue this Target's Statement. The Corporations Act requires the name and address of Shareholders to be held in a public register. Your information may be disclosed on a confidential basis to Royalco's Related Bodies Corporate and external service providers (such as the share registry of Royalco and print and mail service providers) and may be required to be disclosed to regulators such as ASIC and the ASX. If you would like details of information about you held by Royalco, please contact Royalco.

Read the rest of the article at www.publicnow.com

Fitzroy River Corporation Ltd

CODE : FZR.AX
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile

Fitzroy River CORP. Ltd is based in Australia.

Fitzroy River CORP. Ltd is listed in Australia. Its market capitalisation is AU$ 11.8 millions as of today (US$ 8.0 millions, € 7.2 millions).

Its stock quote reached its highest recent level on November 12, 2010 at AU$ 0.48, and its lowest recent point on May 25, 2017 at AU$ 0.09.

Fitzroy River CORP. Ltd has 90 790 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Corporate news of Fitzroy River Corporation Ltd
4/26/2016Laurel Formation Tight Gas Independent Resources Review - 19...
3/31/2016Change in substantial holding - 23 March 2016
12/2/2015Results of Meeting - 24 November 2015
10/21/2015Notice of Annual General Meeting - 20 October 2015
9/24/2015Full Year Statutory Accounts - 23 September 2015
9/24/2015Corporate Governance Statement - 23 September 2015
9/24/2015Appendix 4G - 23 September 2015
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
AUSTRALIA (FZR.AX)
0.130-3.70%
AUSTRALIA
AU$ 0.130
09/19 14:29 -0.010
-3.7%
Prev close Open
0.135 0.130
Low High
0.130 0.130
Year l/h YTD var.
0.115 -  0.175 -13.33%
52 week l/h 52 week var.
0.110 -  0.175 -7.14%
Volume 1 month var.
4,111 -13.33%
24hGold TrendPower© : -44
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2024-13.33%0.180.12
2023-11.76%0.190.10
202230.77%0.180.11
2021-29.73%0.200.12
2020-7.50%0.240.11
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.08+0.50%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 9.28+4.15%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.60+0.67%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.07+0.49%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 13.43+6.00%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.34+6.25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+2.70%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 1.86+5.08%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 40.91+1.34%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.