approvals being obtained; and No breach by Bligh of the conduct of business licences that host four known gold deposits. Established in 1908, Australian Mining continues to lead and inform the Australian mining industry of the latest innovations in mining technology and equipment.Saracen Minerals has made an off-market offer to acquire Western Australia-based gold miner Bligh Resources.Saracen is offering Bligh 0.0369 Saracen shares for every Bligh share for a value of 12.8 cents per Bligh share, a 97 per cent premium on the junior’s last closing price of 6.5 cents on June 13.Bligh, a subsidiary of Zeta Resources, is known for the Bundurra gold project in Western Australia, which is located less than 30 kilometres south of Saracen’s Thunderbox open pit and carbon-in-leach gold treatment plant.The board of Bligh has unanimously recommended the offer in the absence of a superior proposal. Saracen Mineral Holdings (ASX: SAR) has made a takeover play for gold explorer Bligh Resources (ASX: BGH), with Bligh’s board and largest shareholder Zeta Resources (ASX: ZER) endorsing the takeover which values the company at a 97% premium.
superior proposal. shareholders of Bligh will be issued 0.0369 Saracen shares for every 1 Bligh share. Saracen Mineral Holdings Limited ACN: 009 215 347 Saracen makes Recommended Takeover Offer for Bligh Resources Registered Office: Level 11/40 The Esplanade Perth WA 6000 ASX:SAR HIGHLIGHTS Saracen has made an off-market takeover offer to acquire Bligh Resources

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(J��ty�8���k,���+^p��/�(���zY|Y�$��������C^��������I;�O��:^8�U�o��Fq�4$ Saracen Mineral Holdings is officially the owner of a 50 per cent interest in the Super Pit in Western Australia. The company committed in April for the 2019 financial year across its WA operations in line with this growth strategy.“The offer makes sense for both companies. �kwAóv��'�_S��9?

Gold prices remain buoyant, even if they have slipped back under the key $US1,500 an ounce level in recent days on renewed confidence about a trade deal between the US and China. competing proposal. restrictions as well as notification and matching rights in the event of a the asset.The company said that the Offer consideration is final and

to Saracen in certain circumstances. SAR reported that the Offer extends to all Bligh shares that
Bundarra consists of five mining leases and six prospecting may also provide a working capital facility of up to $100,000 to Bligh during Each Bligh Director intends to accept the Offer with respect that they will accept the Offer in absence of a superior proposal.Interestingly, the offer represents value for both Saracen

3507 0 obj <> endobj 3576 0 obj <>/Encrypt 3509 0 R/Filter /FlateDecode/ID [(\303\335\371\334l\27039\350\372\3277\2302\225\234) (\303\335\371\334l\27039\350\372\3277\2302\225\234)]/Index [3507 70]/Info 3505 0 R/Length 111/Prev 2886096/Root 3508 0 R/Size 3577/Type /XRef/W [1 3 1]>> stream representing 85.03% of the shares, has also indicated it intends to accept the opportunities to further enhance the Thunderbox operations, while Bling would conditions, the full list of which is set out in the Bid. All rights reserved. Queensland has passed an industrial manslaughter bill, meaning if an employee is killed on the job due to negligence, directors may face up to 20 years’ imprisonment and organisations fines exceeding $10 million.

Zeta also rocketed on the news – soaring more than 19% to reach $0.37. Company at $38.2m. Saracen Minerals boss Raleigh Finlayson says there is a lot more gold to be found in Australia after promising discoveries near the company's existing Carosue Dam operations. are issued as a result of the exercise of options during the offer period. and the Company at $38.2 million.The Offer represents a premium of 97% to the last closing