Genesis currently has voting power of 40.65% in Dacian, with a further 6.47% subject to instructions under the Institutional Acceptance Facility (IAF). Offer declared unconditional Genesis is pleased to announce that it has waived all the remaining defeating conditions of the Offer. Accordingly, the Offer is now unconditional.
The Bidder's Statement was lodged with the ASX on
Reasons to ACCEPT the Offer
The Offer is now unconditional
Outstanding management team with a proven track record
The Offer is unanimously recommended by Dacian Directors, in the absence of a superior proposal
The Offer represents a significant premium to Dacian's share price prior to the announcement of the Offer
Reduced likelihood of future funding requirements with respect to
The likelihood of a superior proposal emerging is low, noting Genesis' 47.12% interest in Dacian (inclusive of shares subject to instructions under the IAF)
Page 2 of 2 If Dacian shareholders do not accept the Offer, they will be exposed to the risk the Dacian share price may fall after the Offer closes.
Contact:
Tel: +61 8 9322 6178
Email: investorrelations@genesisminerals.com.au
(C) 2022 Electronic News Publishing, source