Bullabulling Gold Limited Update on the Norton Takeover Offer (6605R)

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RNS Number : 6605R

Bullabulling Gold Limited

15 September 2014

Bullabulling Gold Limited (Bullabulling" or the "Company")

Update on the Norton Takeover Offer

Norton Gold Fields Ltd ("Norton") announced today that it has now obtained a relevant interest in more than 90% of the shares of Bullabulling and intends to proceed with the compulsory acquisition of the remaining shares.

As at close of business 12 September 2014, Norton has a relevant interest in 90.968% of ordinary fully paid shares (Shares) in the Company.

As outlined in the Bidder's Statement dated 17 April 2014, Norton intends to rely on the compulsory acquisition powers in the Corporations Act to seek to acquire the remaining Bullabulling Shares and has not extended its offer for all of the Shares in Bullabulling (Share Offer), which will close at 7:00pm (GMT) on 15 September 2014.

Bullabulling shareholders who have not accepted the Share Offer prior to 7.00pm (GMT) on 15 September 2014 will not receive the offer consideration until after the compulsory acquisition process, which is likely to be longer than one month after the close of the offer period.

The full statement is available on the Australian Securities Exchange website.

Further enquiries:

 
 David McArthur                   Westhouse Securities Limited 
  Bullabulling Gold Limited        (UK Broker & Nominated Adviser) 
  Level 2, 55 Carrington Street    Martin Davison / David Coaten 
  Nedlands, WA, 6009, Australia    Tel: +44 20 7601 6100 
  Tel: +61 8 9386 4086 
-------------------------------  ----------------------------------------------- 
 Neil Boom                        John Gardner / Rupert Dearden 
  Gresham PR Ltd (UK media)        MAGNUS Investor Relations. Corporate 
  Tel: +44 7866 805 108            Communication. (Australian Media) 
                                   Tel: +61 8 6160 4900 
                                   jgardner@magnus.net.au rdearden@magnus.net.au 
-------------------------------  -----------------------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

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