Exco Resources Limited (ASX:EXS) Clarify Press Reports
Perth, April 5, 2011 AEST (ABN Newswire) - Exco Resources Limited (ASX:EXS) (PINK:EXRSF) notes speculation in the press this morning regarding an 'approach from an international bidder' in respect of the Company.
The Company wishes to clarify that it is not in discussions with any international entity with a view to that entity making a bid for the Company.
The Company also notes that the speculation linked the 'approach' to interest in the Company's Cloncurry Copper Project (CCP).
As disclosed previously, the Company continues to pursue a number of options in relation to the development of the CCP. Whilst the Company continues to engage in discussions with a number of interested parties about those options, these discussions are indicative and/or incomplete and any conjecture about any such discussions or a resulting transaction is premature. At this stage, no binding arrangements have been entered into in relation to any proposed transaction. Accordingly, the Company can give no assurance that any transaction will eventuate from these discussions.
The Company will continue to keep shareholders and the market informed.
About Exco Resources Limited
Exco Resources Ltd (ASX:EXS)(PINK:EXRSF) has a clear development strategy for its highly prospective project portfolio. The portfolio currently includes the Cloncurry Copper Project in NW Queensland and the White Dam Gold Project in South Australia.
Exco Resources Limited