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Notice of General Meeting to Approve Mitsubishi Transaction
Notice of General Meeting to Approve Mitsubishi Transaction
Sydney, Jan 3, 2012 AEST (ABN Newswire) - Murchison Metals Ltd (ASX:MMX) advises that a general meeting of Shareholders will be held at 10.00am (WST) on Monday 13 February 2012 at The Sutherland Room, City West Functions, 45 Plaistowe Mews, West Perth to consider the proposed sale of the Company's interests in Crosslands Resources Ltd ("Crosslands") and the Oakajee Port & Rail ("OPR") infrastructure projects to Mitsubishi Development Pty Ltd (the "Transaction").

A copy of the Notice of Meeting and Explanatory Memorandum, including the Independent Expert's Report, are attached and will be dispatched to Shareholders shortly. Murchison's Board of Directors has unanimously recommended Shareholders vote in favour of the Transaction, in the absence of a superior proposal emerging.

The Independent Expert, KPMG Corporate Finance (Aust) Pty Ltd, has also concluded that the Transaction is, in the absence of a superior offer, in the best interests of Murchison Shareholders.

Approval by Murchison Shareholders is a condition precedent for the Transaction to proceed. Murchison notes that settlement of the Chameleon litigation, and approval of the Transaction by the Foreign Investment Review Board, which were also key conditions of the Transaction, have recently been satisfied.

The Company is continuing to progress the satisfaction of the remaining conditions precedent. Murchison will continue to update the market as appropriate.

Contact

Greg Martin
Managing Director
Murchison Metals Ltd
+61 8 9492 2600

Shaun Duffy
Managing Director
FTI Consulting
+61 8 9386 1233
+61 404 094 384



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