Release: Antam: Tango will not extend offer for Herald Resources
Tuesday, July 15 2008 - 08:10 AM WIB
(15 July 2008)--Tango Mining Pte. Ltd. (?Tango?), the special purpose vehicle owned by PT Antam Tbk and Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd, formed for the purpose of making a takeover bid for Herald Resources Limited (?Herald?), announces that it will not extend its cash offer for Herald.
Tango?s offer will close at 5pm (Perth time) today, 15 July 2008.
Tango has decided to accept the takeover offer by Calipso Investment Pte Ltd in respect of all the Herald shares held or controlled by it, which currently comprises 38,257,618 Herald shares. (end of release)