Herald Resources Ltd

Published : July 15th, 2008

Tango Mining: Tango Will Not Extend Cash Offer for Herald Resources

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Keywords :   Australia |

 

 

 

 

 

 

JOINT NEWS RELEASE

 

Release Time:             Immediate

 

Date:                           15 July 2008

 

 

TANGO WILL NOT EXTEND CASH OFFER

FOR HERALD RESOURCES

 

 

 

Tango Mining Pte. Ltd. ("Tango"), the special purpose vehicle owned by PT Antam Tbk and Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd, formed for the purpose of making a takeover bid for Herald Resources Limited ("Herald"), announces that it will not extend its cash offer for Herald.

 

Tango's offer will close at 5pm (Perth time) today, 15 July 2008.

 

Tango has decided to accept the takeover offer by Calipso Investment Pte Ltd in respect of all the Herald shares held or controlled by it, which currently comprises 38,257,618 Herald shares.

 

 

 

 

For further information please contact:

Herald Shareholders

 

 

The Tango Offer Information Line

 

For callers within Australia

1300 731 918

(toll-free for callers within Australia)

For callers outside Australia

+61 3 9415 4696

 

 

 

Purple Communications

Mr. Warrick Hazeldine

Director

Tel: + 61 8 9485 1254

 

 

 

***

The new Spam

 

Issued by

Purple Communications

Level 3, 28 Kings Park Road, WEST PERTH WA 6005

Ph: 08 9485 1254     Fax: 08 6263 0455

purple@purplecom.com.au    

 



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Herald Resources Ltd

DEVELOPMENT STAGE
CODE : HER.AX
ISIN : AU000000HER4
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Herald Res. is a zinc and lead producing company based in Australia.

Herald Res. develops zinc, lead, gold and silver in Australia and in Indonesia, and holds various exploration projects in Australia and in Indonesia.

Its main assets in development are DAIRI in Indonesia and MONTAGUE WHISTLER in Australia and its main exploration properties are MELUAK GOLD PROJECT, TIKUS and BELITUNG ISLAND (KELAPA KAMPIT) in Indonesia and CRATER GOLD in Australia.

Herald Res. is listed in Australia. Its market capitalisation is AU$ 187.3 millions as of today (US$ 171.6 millions, € 114.6 millions).

Its stock quote reached its highest recent level on June 13, 2008 at AU$ 2.99, and its lowest recent point on December 12, 2008 at AU$ 0.01.

Herald Res. has 211 676 803 shares outstanding.

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Project news of Herald Resources Ltd
5/27/2008(Dairi) Upgrade of Resources Estimate at Lae Jehe
5/19/2008(Dairi) Execellent Intersection at Lae Jehe
2/29/2008(Dairi)UPGRADE OF RESOURCE ESTIMATE AT LAE JEHE
1/17/2008(Dairi) Dairi Project Updated Definitive Feasibility Study Results
1/3/2008(Dairi)ANNOUNCES BOOST FOR DAIRI PROJECT
5/25/2007(Dairi)Dairi Zinc/Lead Project - Exploration UpdateContent-class: u...
Corporate news of Herald Resources Ltd
7/15/2008Tango Mining: Tango Will Not Extend Cash Offer for Herald Re...
6/25/2008Bumi Goes Unconditional - Herald Directors Call for End to B...
6/20/2008Media Tango Offer for Herald Resources is Declared Uncondit...
6/3/2008Tango Announces a Revised Two-Tier $2.60 - $2.65 Recommended...
5/27/2008Takeover Update
4/28/2008Takeover bid for Herald Resources Limited (HER) by Tango Min...
2/7/2008 Upgrade of Resouce Estimate at Lae Jehe
2/1/2008December 2007 Quarterly Report
1/29/2008Market Update
1/17/2008 Takeover Offer from PT Bumi/Discussions with Other Parties
1/7/2008Update on Takeover Bid
12/20/2007 Update on Takeover Bid
12/12/2007 Advice to Shareholders Regarding Bid
10/31/2007 September Quarterly Report
5/23/2007Dairi Project Update
5/26/2006US$62M bank finance offer for Dairi project
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AUSTRALIA (HER.AX)
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AUSTRALIA
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