Aviva Corporation Ltd
Prospectus dated 21 March 2003 has closed fully subscribed. Offers have been received for 30,000,000 New Shares at 3 cents per New Share, together with 30,000,000 free attaching New Options exercisable at 10 cents on or before 31 December 2005.
Does not intend to extend the Offer period for its takeover offer for Sanford Ltd. IWL's Offer for Sanford is unconditional and is scheduled to close at 5.00pm (AEST) on Thursday, 1 May 2003.
Namakwa Diamond Company NL
The offer of securities made in accordance with the Prospectus dated 1 April 2003 has closed fully subscribed.
Striker Resources NL
Napier Minerals Ltd has lodged a Prospectus with the Australian Securities and Investment in respect of an offer to raise $5.0 million by the issue of 25 million shares at an issue price of 20 cents per share. At the completion of the issue Striker will hold a 50% interest in Napier. It is expected that the Prospectus will be mailed to Striker shareholders in the week ending 9 May 2003. The Directors anticipate that the offer period will close on 30 May 2003.
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