REPL::Asset Acquisitions and Disposals::Acquisition of 40.1% of issued and paid-up share capital of Tantalum Holding (Mauritius) Ltd

Issuer & Securities

Issuer/ Manager
ISR CAPITAL LIMITED
Securities
ISR CAPITAL LIMITED - SG1P04916067 - 5EC
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
01-Jul-2016 19:48:26
Status
Replacement
Announcement Sub Title
Acquisition of 40.1% of issued and paid-up share capital of Tantalum Holding (Mauritius) Ltd
Announcement Reference
SG160701OTHRKMO5
Submitted By (Co./ Ind. Name)
Quah Su-Yin
Designation
Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below)
ACQUISITION OF 40.1% of ISSUED AND PAID-UP SHARE CAPITAL OF TANTALUM HOLDING (MAURITIUS) LTD, AND CONSEQUENTLY ALL OF THE 60% SHAREHOLDING HELD BY THE VENDOR

The attached announcement supersedes the SGXnet announcement (reference no. SG160701OTHRKMO5) released on 1 July 2016 due to omission of the words "Transaction" in paragraph 1.6 and "Company" in paragraph 8.2.4 as follows:-

(i) Paragraph 1.6 - The Additional Acquisition together with the Acquisition are classified a Major Transaction as defined under Chapter 10 of the Listing Manual;

(ii) Paragraph 8.2.4 - the independent valuation report would support an estimated economic value of at least S$40,000,000 in total for all of the rare earths oxides hosted by the licence perimeter area covered by the exploration permit held by the Operating Company; and

The omission was due to inadvertent error made by our external secretarial provider, Tricor Evatthouse Corporate Services. The error is regretted.


Please refer to the attachment.

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01/07/2016 06:50:37