RNS Number:2650T
Griffin Mining Ld
28 April 2008
GRIFFIN MINING LIMITED
60 St James's Street, London SW1A 1LE, United Kingdom
Telephone: + 44 (0)20 7629 7772 Facsimile: + 44 (0)20 7629 7773
E mail: griffin@griffinmining.com
28th April 2008
COUNTER OFFER TO PROPOSED ACQUISITION OF
YUKON ZINC CORPORATION
Griffin Mining Limited ("Griffin" or "the Company"), has been notified in
writing by Yukon Zinc Corporation ("Yukon Zinc") that it has received a cash
offer from another party for the acquisition of all the issued common stock of
Yukon Zinc for a cash price of C$0.22 (twenty two Canadian cents) per share.
The directors of Yukon have until 4.00pm, Vancouver time, Monday 28th April
2008, to advise Griffin as to whether they will accept this offer.
Under the terms of the agreement between Griffin and Yukon Zinc, Griffin has
five business days to address the competing offer and Yukon Zinc has agreed to
pay a break fee to Griffin, under certain circumstances, of C$2.5 million and
reimburse Griffin expenses incurred upon acceptance of such a competing offer.
Further information
Mladen Ninkov - Chairman Telephone: +44(0)20 7629 7772
Roger Goodwin - Finance Director
Griffin Mining Limited
Adrian Hadden Telephone: +44(0)20 7523 8353
Collins Stewart Europe Limited
Griffin Mining Limited's shares are quoted on the Alternative Investment Market
(AIM) of the London Stock Exchange (symbol GFM).
The Company's news releases are available on the Company's web site:
www.griffinmining.com
This information is provided by RNS
The company news service from the London Stock Exchange
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