24 Sep 2019 08:16
24 September 2019
MOD Resources Limited
("MOD" or the "Company")
Disclosure of Cash-settled Equity Swap
MOD Resources Ltd, (ASX/LSE: MOD) the copper exploration and development company focused on the central Kalahari Copper Belt in Botswana, advises that Weiss Asset Management LP Ltd has issued a 'Disclosure of cash-settled equity swap' to the Australian Securities Exchange.
The notice is provided in compliance with the disclosure requirements under the Australian Takeovers Panel Guidance Note 20 and comprises an aggregate long position of 5.29% in MOD as at today's date.
The full PDF version of the announcement is available on the Company's website at: https://www.modresources.com.au/announcements
For and on behalf of the Board.
Julian Hanna Mark Clements
Managing Director Executive Chairman and Company Secretary
Jeff Sansom Jos Simson / Emily Moss (UK PR & IR)
Investor Relations Tavistock
+61 9322 8233 +44 207 920 3150
IR@modresources.com.au MOD@tavistock.co.uk
Subscribe at: www.modresources.com.au
About MOD Resources
MOD Resources Ltd (ASX/LSE: MOD) is a dual listed copper exploration and development company with a dominant land position within the Kalahari Copper Belt in Botswana. The Company is focussed on the 100% MOD owned T3 Copper Project, expected to be a high-margin, low-cost copper mine. In parallel with the development of the T3 Copper Project, MOD continues its exploration program across several priority drill targets and within untested areas of interesting and potentially significant Electromagnetic and Cu-Zn soil anomalies.
MOD has a social licence to operate within Botswana as well as within the host community of Ghanzi. MOD will continue to work collaboratively with Government regulators and members of the Ghanzi District community to ensure that any social investments and developments are targeted to create a positive and lasting legacy.
On 25 June 2019, the Company announced Sandfire had made an offer to acquire 100% of MOD shares by way of a Scheme of Arrangement.