Geothermal Resources Limited : Havilah Takeover
11/21/2011 | 03:40am
Dear Shareholders
If you have not ACCEPTED the Havilah Offer, consider
this.
If you hold you shares via the CHESS system, all you
have to do is to advise your broker to ACCEPT the Offer
Otherwise once Havilah Resourcesmoves to Compulsory
Acquisition (having now passed 90% acceptances), you
will have to apply to receive your replacement Havilah
shares.
On the 11th November, Havilah Resources advised the ASX
that its bid for Geothermal Resources Ltd, which is now
free of all defeating conditions, has been extended until 28
November 2011.
The company has been advised that as of close of
business18 November 2011, Havilah Resources NL now
holds 91.82% of Geothermal Resources Ltd.
Under the CorporationsAct, Havilah may now move to
compulsorily acquire outstanding Geothermal shares under the
same terms of the Offer.
It is more efficient to ACCEPT by completing the
Acceptance Form or advising your broker to accept on your
behalf.
Your new Havilah shares will be issued more quickly to
those holders whoaccept now before the final close date (28
November 2011).
Please visit the web site for more information on the
Offer http://www.geothermal-resources.com.au/
Geothermal Resources' web site includes
information about the off-market takeover offer for
Geothermal Resources by Havilah Resources NL.
Best Regards
Bob Johnson
Chairman
