SBM 1.93% $2.11 st barbara limited

options revalued re defiance merger

  1. dub
    32,271 Posts.
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    Hi,

    Late announcement today was known by someone prior to close it seems.

    REPORT

    Proposed Merger to Defiance Mining Corporation
    - amendment to listed option exchange ratio

    St Barbara Mines Limited and Geo~naque
    Explorations Ltd advise that the exchange ratio for
    St Barbara Mines Limited listed opiion holders has been
    amended from 0.039 to 0.081 Defiance common shares
    for each St Barbara Mines Limited listed option.

    The exchange raiiio for the purposes of the
    Business Combination announced on 9 January 2003 for all other security holders remains unchanged.

    A resource statement in compliance with JORC
    has been completed for the Tasiast project and is
    set out on the attached joint share market release.
    A joint share market release follows.


    FWIW

    bye.dub
 
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