Intermin Resources Limited (ASX:IRC) Intermin and MacPhersons Merger Presentation

Intermin Resources Limited (ASX:IRC) Intermin and MacPhersons Merger Presentation

Transaction summary

Consideration

- MacPhersons shareholders to receive 1 Intermin share for every 1.8227 MacPhersons shares held

- Following completion, Intermin and MacPhersons shareholders will hold 55% and 45% of Horizon

Structure

- Merger to be implemented via a Scheme of Arrangement (subject to MacPhersons shareholder and Court approval)

- Intermin to be renamed Horizon Minerals following completion (subject to Intermin shareholder approval)

Recommendation

- Transaction has unanimous support from the Boards of both Intermin and MacPhersons

- MacPhersons Directors intend to vote in favour of the Scheme in the absence of a superior proposal and subject to a favourable opinion from the Independent Expert

Offer Conditions

- Receipt of all regulatory, shareholder and other approvals, including ASX and ASIC approvals

- Approval of the Scheme of Arrangement by MacPhersons shareholders and by the Court

- Independent expert concluding that the Scheme is in the best interests of MacPhersons shareholders and not withdrawing or adversely modifying that conclusion

- Other customary conditions precedent, including the absence of a material adverse change, no material transactions, no prescribed occurrence occurring, accuracy or representations and warranties, obtaining third party consents and / or waivers

Indicative Timetable

- Release of Scheme Booklet to ASX Mid-April 2019

- Scheme Meeting: Mid-May 2019

- Implementation: Early June 2019

To view the presentation, please visit:
http://abnnewswire.net/lnk/S2D87X7K

Jon Price 
Managing Director
Tel: +61-8-9386-9534
E: jon.price@intermin.com.au

Michael Vaughan
Media Relations - Fivemark Partners
Tel: +61-422-602-720
E: michael.vaughan@fivemark.com.au