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BRIEF-Aorere Resources updates on takeover offer for Chatham Rock Phosphate

Published 2015-07-20, 06:57 p/m
BRIEF-Aorere Resources updates on takeover offer for Chatham Rock Phosphate

July 20 (Reuters) - Aorere Resources Ltd AOR.NZ :
* Says Newmont has now advised Antipodes that it intends to exercise its pre-emptive rights and acquire the Antipodes joint venture interests
* Says intention to undertake full takeover offer for Chatham Rock Phosphate Limited remains
* Says CRP and Antipodes boards are now in discussions directly to progress takeover further
* Says further condition of agreement was for Antipodes to make a full takeover offer for Chatham Rock Phosphate Limited
* Says agreement is now at an end
* Says Antipodes obtaining counterparty consents to the proposed transaction will not be satisfied

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