Gindalbie Metals corrects article in "The Australian" newspaper

Gindalbie Metals corrects article in "The Australian" newspaper

Gindalbie Metals (ASX: GBG) has become aware of an article on page 28 of The Australian Newspaper today which asserts “the extension of an offer, made to Sandon last week, allowing Gindalbie holders who wanted cash rather than a share in the future of the Mount Gunson project to take that option”. This report is incorrect.


Gindalbie Metals (ASX: GBG) has become aware of an article on page 28 of The Australian Newspaper today which asserts “the extension of an offer, made to Sandon last week, allowing Gindalbie holders who wanted cash rather than a share in the future of the Mount Gunson project to take that option”.

This report is incorrect. Gindalbie confirms that there is no cash offer to Gindalbie shareholders under the demerger aspect of the transaction Gindalbie announced on 11 March 2019 (“Demerger”).

As disclosed in the Demerger Scheme Booklet, upon the implementation of the Demerger, eligible Gindalbie shareholders will receive shares in Coda Minerals Ltd (“Coda”). Gindalbie refers to its announcement on 2 July 2019 titled “Transaction Update - Liquidity of Coda shares”.

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