Croesus Mining NL
Are to offer for sale the Hannan South and Binduli Operations.
Proposes to dispose of all of its securities in Australian Silicon Limited, being 44.4 million ordinary fully paid shares and 2,880,500 options to acquire ASO shares (exercisable at 20 cents on or before 9 February 2004). It is proposed that the Sale Securities will be offered for purchase by way of a non-renounceable entitlement offer to eligible ASO shareholders at a price of 1 cent per Sale Share resulting in a gross consideration of $444,000. The Sale Options will be offered for no consideration.
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