Microsoft Word - Sapex acquisition -- announcement re ASX 27 January 2016
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ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE: 27 JANUARY 2016
ACQUISITION OF 51% OF SAPEX OIL TOOLS LIMITED
Indo Mines Limited ('Indo Mines') refers to its announcement earlier today that it has entered into an agreement for the acquisition of a 51% stake in Sapex Oil Tools Limited.
Completion of the acquisition was subject to Indo Mines complying with any requirements imposed by ASX under Chapter 11 of the Listing Rules.
ASX has today confirmed that it will not require Indo Mines to obtain shareholder approval of the acquisition or impose any other requirements under Chapter 11 of the Listing Rules. Accordingly, completion of the acquisition is expected to occur promptly.
ABN: 40 009 245 210
Level 2, 66 Hunter Street, Sydney, NSW, 2000
Tel: +61 2 9300 3377 Fax: +61 2 9221 6333