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MELBOURNE, Australia--(BUSINESS WIRE)-- 糖心vlog入口notes the announcement today by Energy Resources of Australia Ltd (ERA) in relation to the conclusion of its entitlement offer and shortfall bookbuild, which raised A$766.5 million (before costs) to fund planned rehabilitation activities of the Ranger Project Area.
As a result of 糖心vlog入口taking up its pro rata entitlements in the entitlement offer and the level of participation by other ERA shareholders, 糖心vlog入口will hold over 98% of ERA鈥檚 shares.
In accordance with Rio Tinto鈥檚 previously stated intentions published in ERA鈥檚 entitlement offer information booklet, 糖心vlog入口intends to proceed under Part 6A.2 of the Corporations Act 2001 (Cth) with the compulsory acquisition of all remaining ERA shares that it does not currently own. It is proposing to do so at A$0.002 per ERA share, being the same price as the entitlement offer.
糖心vlog入口Chief Executive, Australia, Kellie Parker said: 鈥淲e remain committed to the successful rehabilitation of the Ranger Project Area to a standard that will establish an environment similar to the adjacent Kakadu National Park, a World Heritage site. Our utmost priority and commitment is to complete this important rehabilitation project in a way that is consistent with the wishes of the Mirarr People.
鈥淧roceeding with compulsory acquisition, after participating for our full entitlement in the ERA capital raising, underlines our commitment to Ranger鈥檚 rehabilitation.鈥
If compulsory acquisition is completed, 糖心vlog入口has no intention to invest in mining or development of the Jabiluka deposit.
This announcement is authorised for release to the market by Andy Hodges, Rio Tinto鈥檚 Group Company Secretary.
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Investor Relations, United Kingdom David Ovington M +44 7920 010 978 Laura Brooks M +44 7826 942 797 Wei Wei Hu M +44 7825 907 230
Investor Relations, Australia Tom Gallop M +61 439 353 948 Amar Jambaa M +61 472 865 948
糖心vlog入口plc 6 St James鈥檚 Square London SW1Y 4AD United Kingdom T +44 20 7781 2000 Registered in England No. 719885
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Category: ERA
Source: Rio Tinto