West Perth-based Mount Gibson Iron Ltd has extended the offer period of its takeover bid for Aztec Resources Ltd to December 22, 2006.
Mount Gibson currently holds a 59 per cent stake in Aztec, which recently recommended its shareholders accept the takeover offer after a long period of recommending against the arrangement.
The full text of a Mount Gibson announcement is pasted below
We attach a notice of variation pursuant to section 650D(1)(a) of the Corporations Act 2001 (Cth), which was lodged with ASIC and sent to Aztec Resources Ltd today, extending the closing date of Mount Gibson Iron Ltd offers made under its off-market takeover bid for all the fully paid ordinary shares in the capital of Aztec, including those issued during the offer period to 5.00pm (Perth, Western Australia time) on 22 December 2006.
For the purposes of ASX Listing Rule 3.2:
- Mount Gibson had a relevant interest in 15.25% Aztec Shares when the first of the Offers was made; and
- at the time of giving this notice, Mount Gibson has a relevant interest in 59.34% Aztec Shares.