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3 Oct 2011 15:38
Sierra Rutile Limited ("Sierra Rutile" or the "Company")
Initial Response to Revised Offer from Pala Minerals Limited
3 October 2011
The Independent Sub-Committee (the "Sub-Committee") of the Company's Board notes the revised offer (the "Revised Offer") for the Company's shares announced by Pala Minerals Limited this afternoon. The Sub-Committee will review the terms of the Revised Offer in conjunction with its independent advisors and a further announcement will be made in due course.
For further information:
Sierra Rutile Limited | www.sierra-rutile.com |
John Sisay, Chief Executive Officer | Telephone: +44 (0) 20 7321 0000 |
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Collins Stewart Europe Limited (Financial Adviser) | |
John Prior/Adam Miller | Telephone: +44 (0) 20 7523 8350 |
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Aura Financial |
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Michael Oke/Andy Mills | Telephone: +44 (0) 20 7321 0000 |
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