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BRIEF-Moly Mines responds to Metro Mining announcement

Published 27/10/2016, 12:26 pm
© Reuters.  BRIEF-Moly Mines responds to Metro Mining announcement
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Oct 27 (Reuters) - Moly Mines Ltd MOL.AX

* Notes announcement on 25 oct by metro mining regarding gulf alumina, which is currently subject of recommended acquisition proposal by moly

* Moly notes that metro has currently only signaled its 'intention' to make an offer

* Does not believe that metro proposal satisfies criteria of a 'superior proposal' as specified in offer implementation agreement

* Will continue to progress its offer in accordance with offer implementation agreement

* Also unclear whether metro proposal in its current form will ever satisfy those requirements

* Does not intend to make any further response to metro stated intentions at this stage. Source text for Eikon: ID:nASX89ptTZ Further company coverage: MOL.AX

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