Microsoft Word - Sapex acquisition -- announcement re ASX 27 January 2016


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ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE: 27 JANUARY 2016


ACQUISITION OF 51% OF SAPEX OIL TOOLS LIMITED


Indo Mines Limited ('Indo Mines') refers to its announcement earlier today that it has entered into an agreement for the acquisition of a 51% stake in Sapex Oil Tools Limited.


Completion of the acquisition was subject to Indo Mines complying with any requirements imposed by ASX under Chapter 11 of the Listing Rules.


ASX has today confirmed that it will not require Indo Mines to obtain shareholder approval of the acquisition or impose any other requirements under Chapter 11 of the Listing Rules. Accordingly, completion of the acquisition is expected to occur promptly.



ABN: 40 009 245 210

Level 2, 66 Hunter Street, Sydney, NSW, 2000

Tel: +61 2 9300 3377 Fax: +61 2 9221 6333

Indo Mines Limited issued this content on 27 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 January 2016 05:48:12 UTC

Original Document: http://www.indomines.com.au/assets/release/2016/Sapex-acquisition-ASX-27-January-2016.pdf