Lamboo Resources : 22 October 2014 Hengda Agreement Signed

ABN 27 099 098 192

ASX: LMB

CORPORATE OFFICE Level 7, 320 Adelaide Street Brisbane QLD 4000

Telephone: +61 7 3010 9268
Facsimilie: +61 7 3010 9001

OPERATIONS OFFICE Unit 2, 7 Packard Street Joondalup WA 6027

Telephone: +61 7 9301 1047

CONTACT Richard Trevillion Managing Director

richard@lambooresources.com.au
0412 307 087
Ken Banks Investor Relations kbanks@bigpond.net.au
0402 079 999
22 October 2014

Lamboo Resources (Lamboo) (ASX:LMB) is pleased to announce Hengda has executed the long form document (SPA) contemplated in the Framework Agreement between Lamboo and the Chairman and major shareholder of China Sciences Hengda Graphite Co Ltd, Mr.Wang.
Lamboo is advised that the terms have also been approved by Hengda's senior management team and employees, who hold shares in Hengda.
The terms provide for the payment by Lamboo of $150 million for 100% of Hengda
(pro rated if Lamboo gets less than 100%), of which a minimum of US$75 million is payable in Lamboo scrip at an issue price of $0.848 per Lamboo share.
Lamboo has the flexibility of paying the balance in cash or scrip (based on $0.848 per Lamboo share) or combination thereof up to US$75 million in consultation with the key stakeholders at Hengda.
The Notice of Meeting has been lodged with ASX for standard regulatory review pursuant to the Listing Rules and to determine the characterisation of the transaction under Chapter 11 of the ASX Listing Rules.
The shareholder meeting to consider resolutions to approve the transaction is currently proposed to be held on 28th of November 2014.
Richard Trevillion
Managing Director

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