Merger update (4440O)
19 Settembre 2011 - 8:01AM
UK Regulatory
TIDMGGG
RNS Number : 4440O
GGG Resources PLC
19 September 2011
19 September 2011
GGG Resources plc ("GGG") and Auzex Resources Limited
("Auzex")
Merger Progress
Further to the announcement dated 26 August 2011, GGG and Auzex
are pleased to announce the following progress in relation to the
Merger process:
An Operational Company named BBG Management Ltd ("BBG
Management") has been established. Its directors are Nigel Clark,
Jeffrey Malaihollo, and Michael Short from GGG, and Chris Baker,
John Lawton and Greg Partington from Auzex.
A Shareholder Agreement and Management Agreement have been
executed by all parties. Existing contracts related to the
Bullabulling Project will be assigned to BBG Management and future
contracts will be negotiated and entered into directly with BBG
Management.
Bullabulling Gold Limited has been incorporated and the
Implementation Agreement between GGG and Auzex has now been
signed.
The search for a new non-executive Chairman for the proposed
merged entity is underway, with an independent executive search
firm appointed.
In the UK, preparations for the Scheme of Arrangement
documentation and EGM Notice are underway and counsel has been
appointed.
In Australia, the preparation of the EGM Notice for the
divestment of Auzex's non-Bullabulling assets is underway.
Operationally BBG Management has appointed consultant mining
engineer John Barton to lead the completion of the feasibility
study from BBG Management's office in Perth.
Shareholders will be regularly advised of the progress in
relation to the Merger process by way of news releases and on our
website www.gggresources.com.
General enquiries, please contact:
Dr. Jeffrey Malaihollo David McArthur
MD, GGG Resources plc (UK) GGG Resources plc (Australia)
Tel: + 44 1992 531820 BBG Management Pty Ltd
www.gggresources.com 41 Stirling Highway
Nedlands, WA 6009, Australia
Tel: + 61 8 9423 3200
Westhouse Securities Limited Collins Stewart Europe Limited
(UK Nominated Adviser) (Broker)
Tom Price / Martin Davison John Prior / Adam Miller
Tel: + 44 20 7601 6100 Tel: + 44 20 7523 8350
-------------------------------
Neil Boom David Brook
MD, Gresham PR Ltd (UK). Professional Public Relations
Tel: + 44 7866 805 108 (Australia media)
T: + 61 8 9388 0944/ +61 433
112 936
E: david.brook @ppr.com.au
-------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
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