AVZ announcement below
Further Unsolicited Offer Communications
AVZ Minerals Limited (AVZ or Company) is aware that IG Markets sent unsolicited
offers to AVZ shareholders today purporting a Company buy back of shares at
$0.01 per share (IG Communications) which is categorially incorrect.
IG Markets has acknowledged their error and will be issuing a corrective statement
to its clients.
The Company advises Shareholders to take NO ACTION with respect to the
IG Communications.
Offer to Professional and Sophisticated Investors
As announced on 25 June 2024, the Company reiterates that Shareholders take
NO ACTION with respect to a share purchase offer (Offer) made by Resource
Capital Investments Pty Ltd (Resource Capital) on 18 June 2024 at $0.01 per share
to professional or sophisticated investors only .
AVZ’s Directors have reviewed the Offer documents and unanimously recommend
that you REJECT the Offer and DO NOTHING in relation to any documents
received from Resource Capital. The Board recommends AVZ shareholders retain
your shareholding. Do not surrender your AVZ shares to this opportunistic bidder
at a price that does not reflect the underlying value of your shares.
Please refer to the Company’s announcement dated 25 June 2024 for further
details regarding the Offer and the reasons for the AVZ board of directors’
recommendation.
Where any AVZ shareholder has received an unsolicited offer, the Company
recommends that you:
1. Carefully consider the offeror’s purported fair estimate for AVZ shares and
whether that value aligns with your view.
2. Seek independent financial advice.
If shareholders wish to share any unsolicited offers they have received with the
Company, you may do so by emailing the relevant correspondence to
admin@avzminerals.com.au.
This announcement was authorised for release by the board of directors of AVZ
Minerals Limited.
For further information, visit
www.avzminerals.com.au or you can contact the
Company via telephone +61 8 6186 7600 or email
admin@avzminerals.com.au