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[sharechat] Otter gold and takeover offer

From:	"nick" <helmett@xtra.co.nz>
Date:	Thu, 11 Oct 2001 19:32:18 +1300

Interesting news for otter and GPG shareholders.

As a GPG shareholder its good to see. They had written off their

investment in otter, it now looks like they will be getting something back.

Needs 50.1% backing to go ahead. Will GPG be accepting or

holding out for more?. They dont have 50% but what they decide is

sure to 8nfluence other otter shareholders.

Heres part of the extract below.

Nick

Normandy NFM today announced its intention to launch a takeover offer for
Otter Gold Mines, whereby 1.9 Normandy NFM shares are offered for every 100
Otter shares. Based on the last sale price for Normady NFM yesterday of
$9.30 this offer values each Otter share at 17.67cps. This represents a
premium of 68% to yesterday's closing price for Otter shares of 10.5c.
Normandy NFM will also make a nominal cash offer for the outstanding listed
and unlisted options.

Replies

Re: [sharechat] Otter gold and takeover offer Ken Donelan

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