RNS Number:6250W
Galahad Gold Plc
15 May 2007
Galahad Gold plc
(Galahad)
Recommended Offers by Quadra Mining Ltd (Quadra) for International Molybdenum
plc (InterMoly) declared unconditional in all respects
InterMoly announced today that the recommended Offers by Quadra for the entire
issued and to be issued share capital and traded warrants of the company have
been declared unconditional in all respects. In accordance with its irrevocable
undertaking, Galahad has accepted the Offers in respect of 106,666,700 InterMoly
ordinary shares (representing approximately 78 % of the InterMoly shares) and
3,333,350 InterMoly traded warrants (representing approximately 25% of the
InterMoly warrants). Galahad is expecting to receive 2,978,558 Quadra shares
(representing approximately 5.5% of the issued share capital of Quadra) on or
before 1 June 2007. Galahad has undertaken not to dispose of any new Quadra
shares issued to Galahad under the Offers until 15 November 2007, save in
certain exceptional circumstances, including a takeover offer being made for
Quadra.
For further information please contact:
GALAHAD GOLD PLC +44 20 7408 2002
Ian Watson
DRESDNER KLEINWORT +44 20 7623 8000
Chris Treneman
PARKGREEN COMMUNICATIONS +44 20 7851 7480
Cathy Malins / Annabel Leather
This information is provided by RNS
The company news service from the London Stock Exchange
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