Notice of General Meeting to Approve Mitsubishi 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.
Murchison Metals Limited