19 Nov 2013 07:00
Sierra Rutile Limited
Statement re Possible Offer
London, UK, 19 November 2013: Sierra Rutile Limited (AIM:SRX) notes recent speculations and confirms that it is currently engaged in discussions with potentially interested parties which may or may not result in an offer being made for the Company. There can be no certainty that an offer will be made or as to the terms of any such offer, should one be forthcoming.
The Company is not subject to the UK Code on Takeovers and Mergers ("Code") and, therefore, the Code will not apply to any transaction involving the Company.
The Company has engaged RBC Capital Markets to act as its financial adviser in connection with the potential sale of the Company.
A further announcement will be made as and when appropriate.
ENDS
For Further Information:
Sierra Rutile Limited Yves Ilunga Chief Financial Officer
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+44 (0)20 7074 1800 |
RBC Capital Markets Nominated Adviser and Joint Corporate Broker Stephen Foss / Jonny Hardy Financial Adviser Richard Horrocks-Taylor / Paul Betts
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+44 (0)20 7653 4000 |
Mirabaud Securities Joint Corporate Broker Peter Krens
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+44 (0)20 7321 2508 |
Kreab Gavin Anderson Marc Cohen |
+44 (0)20 7074 1800 |
Notes to Editors
About Sierra Rutile Limited
Sierra Rutile produces titanium feedstock industrial minerals (primarily rutile, with some associated ilmenite), as well as smaller quantities of zircon. Sierra Rutile's mine, located in the south west of Sierra Leone, is one of the largest natural rutile deposits in the world, with a JORC-Compliant Mineral Resource for measured, indicated and inferred resources for the Sierra Rutile mine of over 800 million tonnes (as at 31 August 2012).
www.sierra-rutile.com