8. sep. 2015 15:20 dla piper no. 0323 p. 1 for personal .... sep. 2015 15:20 dla piper thisdocumknt...
TRANSCRIPT
DLA PIPER8. Sep. 2015 15:20
THIS DOCUMKNT IS IMPORTANT AND REQUIRESYOUR 1 1 IMIIAIT ATIINTION.
if yM are in *ny doubt u 0 how to deal wib i!6 you Ihouldcongult your legal, financial or oths , •r. - , , AdviseT
mfnediately.
BIDDER'S STA M I
CASHORNRBY AUCTUS CHWAGOEPTY LTDAe{605 055 285
79 acquie ALL ofyoirM pald ordinq akar= h
A•:1-+64 ,] '-c,i'*-:LTDACN 136 616 338
*WHOM-Ip/.re
No. 0323 P. 1
ne affer price ofASO.20 cash per •hare wm NOT be imerm,ed dmri4 tli Of rPeriod k theIe=ce of a =pe: or ptope-1.
2.A PIPERFor
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IMPORTANT INFORMATION
No. 0323 P. 2
This im m ' „2 , 1 „I do .Trwmt aIMi mquiles *ur ...1.. .-11-to a#clltion. Ifyou am in ...19 =C D how todcal wiili dooum 1; p ,10 comult , ,w Snanoia] adlsFo stioil adviss kiindia ly. Youahoukl resl the =Ibellts ofthis Bickkiti .4 .., Ir ii it S tiltit*.
BillM.I.
This docignint (¥9»Ider'* Slit-eit") is given by Al ins Chillagoe Pty Ild ("Aictm'D und=Part 63 of the C(*poratic= Act in relltion to m 0Iwn•119* t®]goovs om= by AI s to Equite allyour Atixiton Sh„m. This Bidd,8 Stidri„,mick=ims the ttlms of th, 0& mid© by Amb dinclnh cidain diaclosures required by tin Cocporat Act
This 13 ks's S#linw is datcd 18 Sq*=nbs 2015. A copy of this Biddis Stal=nmt ns lodgedwa ASIC on 18 S*=nbes 2015. Neitls ASIC nor Rny ofitz r,f&.rs 1*8 *my respt* bility fbr tEecolboi* ofthis Bidde s Stat=Ited
Adfic®
The *1301,131*tirm m fhis Ri,66'3 81*1*r-t is genesal kIRImaticm only mwI does not tale inin accou!*your indivicinal oldeceves, f nancial *ititaticm ar,ieeds. You abould ©oe*;er v,hillpr fi '„,f, „ -,'.,in this Biddec'B Statr,11*,Ii is aM,upri- b *u in light of ymir o ectives, bncial imation andneeds. You diould considu =king Wop=Id financial and tmtion advice befie n.king adeaisi,Il alto whell,- or no¢ 18 Eceptthe Offs.
Nobd*Nip MI,0,10 SIM,zil,olden
Th10 Biddijg St*Inellt *od the Off*r are snkject to All**lizn dile&,20/0 .: I -, r, which Imy be
rliff,uit kin thoee & ',' in other jmiswilfix=. This Bkk Stzilmne,11 *mt the Ofikr do not inRay way contibilm m em: *ny plece wh h, of m Iny penon to #nn: it wnuld not be la,8,1 1nmake.chanomt.
This BWdEs Stattment * M= d m be ditaiblo©,d in Autralia- The distribution in od=r /5, a.y be regtdold by law Or ze@Jlati Penons who come 1/0 poss©00/on of this
Biddegis Stitemem: Should intbrm 11=melves 04 and obserm these reg:tietion,
Porward I,ookims
This Biddets Stit==Ii inchides fbrwarO-]ooking 1 6. ., 6 thai have beem b®®ed on .d Omre[Ii,, , 4 5,/ . 'ad 19"/icticm' /bou: furmr' ev//ra& '.1.ch/ding Al"/4/Me 1,/1//lent (whiah i el/'-L 1* 080
de¢*Lad in Sectkin 51 b opetitions of Am:tns =1 Aiber =1 tho cor,w)mic =1 'enviromnmt in whieh Amtns =1 Al*=ton w[Il opm#e in thc *,tme. Parwarilni,kins --- y30-may genenny be icle[*ified by the uge of hward k ing vegts such m *im, anticipain, betiogestimilm, apec fbresee, li#=d or plan. by w(ds dcaoting m=minly =it = libbly, may, pot/jalorthould, or by dcuved or similar words. Tlrie *irrvilrd-looking sIattiI=id mt, howvcr, sobject toint,Brut riaka. uncertairitii mi „ 7, diat mt Specik to tiM, iIxinstly in which AUCms openbesas weR = Brn-1 econt.]lic conditicits. 11.miling exch=€8 1,im m,d coeditkm in lijw G.,airlilmarket All 0rward.looking St,imi,Exi] ,]icilld be 00 in light of mid, r *f
Name of Auct[14 h omcen, penons namod m this Bkklets St*tinelit wia their con=i Igamypuscm involved in &0 preparaticm of this Bidde s Stal*,Itu mak= any .1 · · , ' : -r ,(e,(prets or imptied) as to the accm*y or likalihood of tny forritid-looking Itatancek You IreCautioned IM* in place rellijce on thme 91*=le,Ill in the emt that tho outccirio ks Mt Wivved.
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DLA PIPER8. Sep. 2015 15:20 No. 0323 P. 3
The hmg*dooking Stat<,i<taits inthis Biddcrs Stalcmcnt rellcct vic,k·8 hcld only at *c dato oftitisBiddiz St-=mt Emept = requited by ]Ew, Auctus ml ib 0269=4 =,p]Dye= 11 1 ,ilvi,=1disclaim a oblig, on torsvise = pdal .91*wm*look g I.Z.= d. #10 N. of thisBiddch Statcmmt to reflect any chang» in tho ,·„„·,·, CE···,-·L<·, on/ gh#VW-- i.1--1
m b.ed.
..8'..tio.re,rd Aki-
In preparing tiM, infinliglion rrMing to All,rinn c 1*1.i,w in Ihi. 5,1,1.,4, S,mbwiw« ,™*n. hasrelW on pabliely Evaildile if,i„fif„ as at the i of thiB Bidd*, 81*kat * m d de® diES• Din*rmition,ovidal to A=tot by All=ton whicia hx Id beem t, : .2., : -, "/ vviffid by Am,]]g arthe Aa Diect=& RG** mq exist in relation *c Aiherton of Witicit Anctaa is uns,vme. If mymatorie] risk, are kIM,wn to f All=*tm DirecttIn, ti y =]st be dischied in 60 Ttrgeh St*mmt tobe i==1 by Allierton. A=dingly, subject to *pplicab law, A=tas makas no _,Lg, r, ,. orv/:rrintze (czpres' or imp d) = titt ==Iracy and ,, »·r'. I . af s[Kh irgirlatic,L
Furfl,M= Wrsm•iliwi on A#,1<tae mey be imkided in &Tqds Stedcmemt #Rh Afherton is requiredto Fovide to all Allia,Inn R r,Jw 116,1 in r,=rs. to this nud# Sh,1.n.0
pl.0S'"21.'lit
Ancms will collect >mir infb,mation *am Ali =9 regit:= afmembers *1 fhe pgIpOSCS of makingthe Of&, .™1 if * - ,'.,,1 3. , 1 >SUr = . , < , . ovi )our 11£|ins ofAth*.ton Rh=e,. 11rCetpOratiOnS ACE IequiteS the =mes and ad*esses of Afbenon Sharcholdi *o be held in a Bblicregit-. Tli /1.*.1.1 ':„i,., r. col..W.. 4.b. the n and E.. af Allia,1,mSh holdets and det 19 aftheir holding, ofAB©non Shares
AR I==liblhaingisl y nquaeyourpen lte·, A., Mae.0.„,4:i,90.,I,g hdainticoineof<dang Ind implementing t OffET. Alict= and ils share reg*y mq al:o disolooe your pmonal1,„-, · „ N ,, m their telinid bodies . - =i ettettial Bervice Invidets mid may be requied todiscloae such I,r i , „ „ , k) reellifira, Bnoh m ASIC.
rf *u would lili de 18 of in migtion aboli you hold by Auctus, pkes© cont,Ct Con],0$¤11**Inve*, Servrm 4 Limited I 1300 482 171 (within Australia) or 461 3 94154146 (oulcidiAlls# S
D#*twi'I
Unkss tho winiary int=dM *ppeall. the Coilmxt requites otherwix or words are defined inSecticm 9, w(*da and phisics in thil Biddcs's 8(,11„,wit live fhe mnic meaning and intcrprcta on alin *e C=pcnt'kns Act
ENact ofRoidiq
Figul& Im=Ints, percemil,s, Fies, . 4,i i A. , ' . , ' f , i. of valiz Id fr ifnt in this AidaASt*Ine[It lIlly be Subject v the emed of rainding. Acoordingly, th¢ 8*tal ligutcs Inay vvy th*Ittholo imicilli h.this Bickiells :I.,1. I, I 'f
Chin...dil
hi ti Biddcr Statomant reforcoom to 'Antrilian Mnar,", "AUD", "Ar or '$" are to *c lawfuloum y of An mlia =1 rekiences to MUSV, 'US doIlan' or "USS' me 10 60 189#31 cummcy ofthe Uni:ed Stah
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DLA PIPER8. Sep. 2015 15:20 No. 0323 P. 4
This Biddcs'; Sttinint miy oofitiiin cocrla,icin of Itlevant ct=cocics to other ourrenoie fbrD,HYMn'rta. TI e co£rt«*m Ahould not be cons: d = 4 - ,1 6.,, tl=* lite rek,n'IE Curremcycould be con,=,cd inin le *iu.Ine,10 d dio *D ued or d my**mt
./4...71. J
Any mips and diagtams appearing in this Biddeb St![k!!Mmt .re illustritive ly =1 n y not bediawn 10 Bcale, Unjo„ 5 d oli wise. aIl dn coirtzined in cilart maps, glapiEs and tables is bucdan infiination available at the date ofBls Biddeii Slat=tifiI£
YOU Ahould ccminit yoar *0« fi=cial er Irn#,inni] adviaer if *u are u,„,IN about how t© 6,20witit utis Biddeh Stat,ment If you have any Mqdre• about the Offer, please cocitact the Alizit-Sh wemld# . '% ··· :,, Lix 1300 482 171 (h callers wiihin Ailrilia) or +61 3 9415 4146 (bcallen ou ide Aiwiialli) bet,9,82# 9.00am a 1 5.00!In (AEST) or coola your legmls fin ial or04= FWaional *ivis=.
., e i I i . . . I.
KEY DATIS
Bidders Salemeit lodged with ASIC =1 ASX =1 sened onA ettiu
18 Se!*unber 2015
18 SeK=nbs 2015
Date Rom whth Allw,ton Rh=81 •111,8 C n 00I1 Atbahon Sharel m 18 Sep mnh„ 2015
0& Period omciany commences
0&P«iod cloies (unk= ex#=ki or willid,1:vvn)
2 October 2015
4.00iin (AEST) 2 No,tmber2015
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Dear Ati=ton S rchokkr
CHAmMAN'S IrrrER
No. 0323 P. 5
Cht behalf of A»cM (1 illagoe Pty L*d c'Aict-'11 I m pte,sed to pe=It b Fi a calit off ("Om,M) lo wquire all of your o:dinmy aitats in Afl=ton Rmouttes Ltd (Ir©viously ninedMlmgina GO dnlines L iIed) ("At ,erlo,R") fi, AS(}.20 ps Rl,=rn.
Whe b Aid-7
Auctus wag 1, , , : , ·,., on 31 Mmch 2015 m a special pufpole vehicle for tba specido purpose ofm,kbis Igi of to acquire all of& ia=,d 81•te• in Alicrto,1. Aucttl is a dony owned subsidiaryof Auctus ChiI[ap Holdings Pty Ltd ("Aact= Hoidi "1 which ws, in=p ated on3 1 Mad 2015 aa a holding company f, 82 pposes of lWEng all of the isued dine Capital inAuctus.
Auctas Holdings il ultin ly . ,1 . , , 1. , by tv.10 eqai y fmwis advised by DI,ihim C italMana,=mt LP, m Imv mi resom= 0,cused gkbal pivaa eq!* invegtinent fhm-
For fwther i „T,
Ah=t -Och
-",, on Aucms, pleaae fear to Section 2 ime Biddets Slit=net
The Off,!r is =,ormilifrml and ,/01 remain opim imtil 2 Novemlis 2015, m]®58 el ded orwialdrawn-
Atict,18 haa insdructnd ilt b ok.. Mctpn., to pltrithS* R 68 rar Fice of A$0.20 pcr·,hsm anAf nn Shies offindh sale bo it on ASX from mo 111,11,6..11 .,1 D in il dio esl of tho OfhPeriod.
Aticms Will not inc,Cale iES offs Fice ofA,0-20 ps share Ntring the Ofic Period in the absoice ofasuperior pHEoll
The Offcr vovid yon a compelling opport= i to realise cash value for your invoetincnt inAll O.6 Th. Oflar p/ovide. a number of bellial, tl Aillitin Sharml.ikkin& bilhilil/ but notlimimd to:
• the midiluation undu the Offer is 04 providing A mn Shazzlicilden with ocrtainty ofvalx =11*padify;
• Afirrion Skiel kler3 win be paid cnii quickly (Le. 3 Trading De,) afts , 6 4.p, 11, · tsM.
oms'• Kagan Limizd (in liquida cm) End Monsma P Ud (in v i r K, 1 , , 51, 63.1% o f
the imed shic capital ofAtiviton < I tho dain ofmis Biddeh Sm=ne,2 have Itated theirCummi inimtions *re, in the ab=,co 4 8 0UpCriOr Foposal, to Ecept tix, Offe Fkr to tlioend of the Ofrcr Period 6 all afdio Atiwiton Sims dit bey hold at ftle time th¢y accep<but arn not uncier any obHs,21. to do 90 and may dispose of 810 Aftifiton Stirm to i thirdpuly at any timo;
I an amactht pmnium to #18 bing Fice ofAil=tion Sl=Im Fior to 60 . " Dat,and to hitx*atl=ling ],vels. *,hich repreeliffs In ap,olmak
0 53% Femmrn to the VWAP ofAibe ton Shts Mi ASX on 17 Sq*mbcr 2015, bdngSe IM Tmding Day 0* Aihecton Sharee Flor to the . Dain;
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DLA PIPER8. Sep. 2015 15:21 No. 0323 P. 6
• 49% pinium to tbe 5 day VWAP ofAilriton Sharm on ASX fir & pesiod =6d 17Se!*=nber 2015, being 11,0 last day on nitich Aiherton Slim midd on ASX Bior 1ndie Announccmmt Datc; md
. 43% Femb=n to ASO.14, being te Ixice per A *[1 Rl.re a: 1,4, h A,licntmt mo#reocnt oopital midng wu complcted; and
• 100% Feinimn to ASO.10, boing th¢ 1 2 1*c at whia A b,rt »1 Sh*f¢8 tra d on ASXpiato Anatns making il] inifial ofh b all All=ton Sharm 00 29 911 12015.
&0*11,:71 D-14rkmmia,cod#=mEN mEE humica„„03/#ob=,br*mc, com
• the Ofh ISnOveg *ur expomixt to a number of signif ant riurs aiociatcd wtth maintaming")00 Viatillmt in Atiltlilln - 11 * lilli' , lilli . d- t die aimmt dimmli
Capilll mising mvitonmmt Ind the impact of the *going liquiddi ofAiliEs ority'h.rebodder, dovelopt//Mnt and oper'illnal riati for Aihillem'/ pndefil . Ilidl .9 El,leialeconoatiC mar# Ind liqa di yrit =]d
• Alntim) Share De msy 811 ifdie Offer is [100 =xestfil.
lMiwes acceptUI OSIr
You mly =00 400*at mytimed=ing the Of# Pctiod. Tho Offcroin only be noo¢Ded byselling your Afhaitm Shires CIXI„tknt
buuer*poistndHoldi],03 6*n, hon a SRN:DID:g wighthe 10:01)
If yon hold }our Atl=tcm Sha in m I=ocr Spoosocd Holdin& you may Bell y ur Afherton Sharesto Auctua by 1, 5 a - any Broks s .119* the 01/ on your buidf bof tio and of tho OfilsPerowL
CHESSBolal,1, 60:haveaBINal,tingwithths lemer]0
If your All=ttm Shics an hold in a CHESS Holdin& B can accept the Oms by inatucti yourComoning Pulcipant to acocpt tbo Offc, an psbel•lfbefore flio =1 ofdio OmsPoiA U=lly,your Controlling ' , - · '4 .< is a perion. =h as a stockbroks, with ,#hom }M 1=ve a L · · ' ip
Co-ontngPilicipov
Ifyon m. a Co-olling Parlier'".4 .cceph.le. ofal Omr ..dit be ..ifil®®d *15 0 /d." - ./itil role14.14 oftho ASX Se¢limw,a Operating Rnlm bcdbre tin e,1 oftbe Of&,Pe ird
Ifyou acc¥ the Offer, /68 nmat rniti fur .,r . „ . ' . oft=niacto/1/ 1441"ah occvt cr,/O/rkit 00 ASXwill apply. 11...fin, if yon acce# 68 05=, you will be paid m a T+3 bea (Le. *ree BdingDays afber *u accept& Offe:r).
I emeoutage *u to accept (be Ofh ag soon Rs p=hle. 172 Offk, iz t Int, 1 to 010*e at 4.OOP(AEST) i 2 Novetnbu 2015, unless e=oded or wit *wn.
If you require any . r 4 „ , . :L././ c,/'t. / the Alter//1 Rhmeholder Ofier , 1/, 11 -'., 1 I.0/3 on1300 482 171 (0x callers within Au=alia) or +61 3 9415 4146 (fbr callers outlide Au*ratia) be¢Weem9.00=n sad 5.00pm (AESI) M=iq to Fr IMY.
Thank you R* >our or.,Atilifition offbe Offer. We look brward to mr*ving >cir *2
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8. Sep. 2015 15:21 DLA PIPER No. 0323 P. 7
Yours Skid#
h.-Ed.iChil...A.ct= MIPOLI
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DLA PIPER8. Sep. 2015 15:21
Dtrodon
Reg red Omee
Comp Sec: my
Corpo,im Adilir
Brokst, Omr
ARhe:to. SharehoM®rAl , 1..., y'l
CORPORATE DIRECrORY
No. 0323 P. 8
Mr Wfl. Mmtioch-Chairrn*n and M*n ns DitectorMrP:ul St=-Direc¢=Mr Tmly O'Connor- Ditector
Suim 15, 58 Kithorn RoedMount Ple ant WA 6153
Mr P=11 Sims
DLA Pipe, Ai shliaLevol 31, Central Park152-158 StGmpTmPerth WA 6000
KPMG Co,porato Finance235 St OcipTor=Perel WA 6000
Mots*nB Financial LimiHLevel 29, Rivoside Ccuire29/123 Eaglo S*ectBdibi= QLD 4000
1300 482 171 (wkhin Au-lia)+ 61 3 9415 4146 (outaid© Au*ralia)
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REYYOUSHOULD ACCEPT THZ Ob m
The Ancta DiI*C®CIS belisve *u litould ACCEPT dio 0&fir11= bllawing rello c
1. You me being ofid full cash ., , ,,T. . · ·, whia doliver, 000»in valne fk* your Allier nSharm.
2. The Omr repre,emit m atuicave Ii=nium to the Teced tr! ing Inom ofAthet on Shazte.
3. You will be paid call quickly (Le. *ree Tr ling Days) ani „ .& ,1, tic Offkr.
4 Kigin id , „ , , „, . , ..-,„-,1, , 63.1% oftiM3 imd share quill ofAn„,10,1 as at 68 Imofthia Bidde s &*m6 have =10 tinir clm,111 ixive,itiom =4 in li ali,Incie ofa sape:i=Iropoaal. to acce!*11,3 Of&, Ilior to tix, emci of ltie Ofh Psiod for all oftl* Alhe,ton Sharesthst hy hok] at ele time they accip< but me not Undir *Ity ''#'.-r,.'' b ¢k, so and miyAl,F,.. ofb 11-im Rl„,m to athird,ty at any Ae.
5. ™3 fuime #Zing Flee of Afiriton Slms iB uncertain and may fh]1 if tiM, Offs i. IM*BuccesskL
6. The bquid#y ofA ,8,111n Sh res is bw ind <My diminish flel,= as a rmnlt Of O%1- Ail=¤1Sl=rcholdcrs acceptins tho Of! .
7. No suptlici Fopoial cr alle,nitive offer has emeiged.
Tlio kom isom]yahe ilin mmin y ofmoft rmsons,hy you,hould accq*the Ob. Eighoftho re..Cal i, 8.1'.hoed in flit,-r de¢ 11 below.
L Yl me bdil omred t le=k - ' 1' whil d,•v,nce/7,/I valle h yoirAU=- Skill'&
30 0& is to acquire ,>ur Ath¢non Sh== oi 8 100% cmit , ' & - r, " , b=is- It Invid¢8=tainRY ofva]N :nd ]*1*Y. Ifpu =cpttlio Offkryou wmbepaid ASO.20 calit *reachofyour All=t= Sk„04
This may b© particul ly atbactive fk,r A =ton Sl=Itholders given tlio rialm and unccrt*#es, .' - , with rem ining m AtiM ton Shirrholdu it 11*ling but not linil,d 10:
• at,zo =ingungaitai,dim in atin= ofogiuli,ined OqO|1 8,1)Ig
price risk
• cquity mazkctrisk; and
• goological, e:ple ic developmit mi ,2-V,, riak] amociatcd with Atheacm's
ffyul do Id Ic*ac Of!:r, th© an¥,Unt *U will be able to realise Air **Ir Al*Miton S]Ircewill necess,4 be uncer . The Oms r:=,vcs this uncomintyhAti¤*Sh iduld=z
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DLA PIPER8. Sep. 2015 15:21 No. 0323 P. 10
10/1.raa»d ': 'i" 0196 aith. k...d ilarle.pill Ofluilit.. .. ./d= A.2 of th Budota Sla:emest han *W Ir In,=* *- "•l,Ii,ze of, Rpet orpr,00* li acc*th, Omr.
Kagms Ed Munsms repro,enting 63.1% ofRie i==i ghare apilmt afAft,£ ton ss ot the ddeaf*is Bbial'.SM,01'ne[Ith.Ve st//Nitheircurt*2 ",rl,A., I. ."4 fl<jeabse'lceof/ /'p/ziorpoposaL to acces* dic Omr prior to fh© cad of 160 0* Pcrlod 81 811 of(be Ath*om Shar©11*.t tiry hold d ti time thcy accept, but are not und* miy obug*tion to do so and mlydispose ofth© Ath¢r on Shor©, to a third pmty at anytit,10.
The =h I attrmc ve prm!= I - reemt -*tes d Alhertom
The 06 Fi ofASO-20 per Atiriton Slt=in ifie,<I*] in t#,ctim lirinimn to the trding0 0 ofAll=tno Shares Bfor to Ble 11'' ., - - „ - „ D- Id m hiabrical biding levels. l£npar cular, the Of62 represc=/ sm ·: ·, ·1„ M .
. 53% Fsnim to h VWAP ofAti„,$00 Shares ce ASX on 17 Scrt=nber 2015, beingthe la T ling kyf Ati=tiia Sh=m 1,6to ilis t 1,1..'....,1. D.img
• 49% premium to fbe S dq VWAP ofAd,ed,in Shires on ASX f 80 prod Mded 17Sepimbs2015, being 40 last y am l,hich Alhmlm= Slit= uded on ASX Fi. 1n
Date; =td
• 43% Buium to ASO.14 be4 40 B e ps A =*m Sh,xe d vh h Ailieitunt mireod capital raiang V,8 compic$0* and
• 100% F=nh=n to AN.10, bdng 40 lat pric© at which Athcrtcm Sharce *adod on ASXprior to Amlnz making its initil oms flir all Adiorton Shires an 29 A 12015.
Nots: VIAP,*:206.,06--4*d--Uplee0-6.Whbqfei Anp.kn iaV*Almihm*bHRMie ed,Flnddaleqft' 0 17S*le,:602013.behs:lvIa:taadhgDqt.le#heA„,a,I,almalkta
ho · m-*hivas,0,01- 28= mE= h. mor 00-*Jm nim' 44'I ,0,08 zo *aN*d= m sh# Bidd#Side,.Il
aul
0.18 0.10 i '/Ii'll0 Ili
am-
am.0.00
-li
0-0...1- 0-0.--IN....4. m--sn,1
0-=1110*.. m%101/
6*.VIP
1
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YI will be Fid adq**&& thz,® Trad*Dap) r acc*lig*Onim
The 0& is UIXOndit omal god *u Nn *©Il yoEIr Af ion mma it A$0.20 oash peT Ali,BitimShsro ' ' IM,w. You wiII be pad cash quickly on a T+3 basis (boing tin= TradingDe, afts your aoc¥Ince). Th¢ ce:tainfy of this re¢wn *ould bo considered V,in* theunocritin .1- of ur AZiI,ton Sims sholild *n choose to milain m AlhetionSh=hlds.
*6+194..g thi om, r....Ii. rhaks ...../...7 with .../.1./.b.1 Yg.r i vg./....A /.
Then Im a nmnber of riskB ,$842©iated with mairdnining Fr invaitineii in Adieiton- T seri*] -* Rr f=ling -Ce/.d i 8 timB of con*ained ** me"*c mlodi es ixice riat equi y mark:t risk mal r*'g 1, M:hwi: .pk--0 mwlop©ratirmal rish associdd with Alh Il's Blecti Parthe di,cual:im of die riakaamocited wilt culming to hold Fur inicitment in Atbaton b c=peoted to be,ovidmi byAtbcrimt in im Tar s Sliteinit
N*u accipt 80 Offer, you wm eliminain 80 rish a=ocitind with Alhatis fihin f=lingmw,#mi„ti..wl 0,11. rilh aa,ocialed will mai*taining *Ur ifneatiltellt in Ad=ton ine=1=]ge ibr a c.gh psymt .,w.
Tli *EIre tt •s pice dAlherto. Sh„, I k ueerll au <4Mif *0*& li Mt..eel./IL
The kiding price of yoir Af illin Shires witt o lizin b be 44 to markc* vo lily,' , ,".,1 F-,lRm=kat mov•-•*: 2,-21 * n ,* er®di oeg d the dem h
li*ed aecurities.
Although em am InaIiy fhc on that may inffuence the price of Athe,# Sbse, 00 ASX,giwm fhi di, Ofh .: . , „', .11 actracthe pmnimn m the t] ling price of All=ton Shares
Da$, andto h orical ading levels, there is a risk th the price ofAd,ext. Sharet mq 811 below di, vahz oftlie Offs fbllowing the OCk Pedod i,
• 810 Offer dum Mt mcceed and no (]thu takecifY ofh iS md *ir Ath.ifT of
• the not* ers of ae *theitiv Convertible Not% wix] hive fr right to ccmen &Al,a,In, Camve hia Nalm inin Alic,Inn Shazes t any time by giving Athermn acointrsion notice i imt *ree hosing= days lior to the =tic*•ted comversion date,e]ect to convert dz Afircton Cclr,ertible Nam info Allin,1Dn Sh es.
The Off" provides /8 :,2 , 1 . ti a:v.. O]fall of,OIK AXA.ton Rh/res mwi tl r,alise fun014 cer,min-li fix your isvestmet,f in Athertn.
7. The 14/1§11/4 0/ A//I/1//I R ar= // low "d m., M g r ' 1//ther = a re, /i (21 e'l"--p.All,e,lim Sha!,holden accep#4 th, OSIr.
The Offs will allow you to dispose ofall ofycmr Aft on S res, and to rmlise ce,tain valmfc£ yaur All)/It,m Sinres. In the absence of the Oth, dlete is no gum=Be #lat Al=¤1Sh=eholden would bo able to liquid all of'Adr §*miliding in li,lon ai„nard in asingle traniation Iln Oms Fvkles you wi m Opporm]* to dispose of all of *urAtiv tou sh/1.11 1 gingle tt=walcion for certin o=h v.]ue.
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DLA PIPER8. Sep. 2015 15:21 No. 0323 P. 12
11= Offer provides m oppormoily fb, Al=tom Sli:irtiolders holding less #,an & I[1,1190¢ablepuccl ofAlherton Sh,[re b realise llrir invoilit=EL
No np.Sorprop=/ or,lt=math omr has -=led.
As it lite dA of Ais B ider's Statillimli, 1|18 0& is the c*tly 06 available to AliwitcmRh=rcholdess. Naiber Atiriton IMr mly th d pmty has md my ...........," wib ro,pectto a =p=ior Fopoaal or m allamtive ofkr despite Atiziton lieviously *miN-ing 11.* iflid received indiestive I=Aanding POpo=k
As at the date of fhie Bidde* Statein=t, Amtm is wit *ware of any 0¢1 f ty 1, n. :., : tom,]m a sup=h popo=l or m al!=native ok.
Accepting & Offs m =m as po=ilk Invides Ati,erttm Shir,&l&= with catn ty aIxt mEtt!10&98 Irunimn over the recent bding Fices ofAiherton Shazes: Ia her than wai ng fbr asupeflorproposal of allrinitim ofh m e,Ii,BA, whichmay ve Imt-A
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DLA PIPER8. Sep. 2015 15:22 No. 0323 P. 13
1. SUMMARY OF THE OM:ER.-I............Il...I...I...I......I..........I-....I...I'......................--.PROFILE OF AUCrUSa..mame.aa.aialaaiaae.aialaa.amaiammaammialaai.-malaialaialaaiaamema-m mah- mam..m.-..............I.
3. PROFILE OPATHERTON .,1.1.--Im'..1.-/1.1.'„1.-mi.-mi.-mi--1.--.1..'.1.-mimmilimmi..'.-a'..1...al.'....1.-1.
4. SOURCES OP CONSrDERATION ..'1.....'1..........'1.'1............m'..'.....'1.,m....m'..m.,-m-.m.............m'-
1 :, 0 : OF AUCI'US ...................................................................................................
6. A TAX CONSIDERATIONS....I-.......I-...............I.....-.--.-I.-..........-......-...7. ADDmONAL INFORMATION ..........I------------...------..........................................-.
AUIlloRISATION OF BIDDERS STKIEMENr.........-............-.-.--.-I.............-............9. DEPINnIONS AND INrERPRErATION ............................................................................
101417232429
323637
I 1
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1. SUMMARY OF n[E OFKER
, „ " ' " ' r. ' ' ' in 13,1. Sectki, 1 i; s pm„11.17 of dio Ofk only and is quallfkd by =1 *oeld bere i in c unction with,h l,IT, ·,1 ..' ' I dmiled hi 40 Ieiniliids oflhis Biddgi'& Sta*3< t
You *w,ukl r.d thia Bidiln $ St*=mt in ifs emtirely bekre deciding how to deal with Fur Athertom
The * mition in fbis Sectin l is set out by .A,y of respong© t» a seTRI af quest ms. Al.Inshimmthis h Ae moatinRImath ,n, lo ' 68 inli,illi,10,1
If yan have my =mires about the 0% p]- 00[Itid tl Allivtt,]0 Sil 11O16 Ofk Init inationLine on 1300 482 171 (for c•]]en wilitin Al=1 alia) tr -161 3 9415 4146 (Bor •Ilen oE[Imil Antil'„)betweem 9.00=m and 5.00pn (AEST) Monday to Fr lay or colit=* yoN ]egal, financial tr WisProial=mal advdcr.
Wint*al Nadds8,11"td
WHhAI,ch....hyT
WhntifICdAt]/0./00*.4Atheelom Co*™tll,AeN¢ = erMlier*om-hume®4.7
Aeqi/,mie= pbor b80 OlerPited
Howwilthe Om= bemad® dm the O brPedodl
This Bulk s Stal.u.la,im p pard by Auct fhr dlitzibt)tion toAl*•'ton P' , 11-sk" r Et 00#t in .„r, . „ ,','' , ah 2 ti. 081.wI obiinfbrmation r*vant to your deciskm v/hether to *04* the Omr.
lf}va mt inany doubt m In how ID blwill it yi should co¤mit *arle,1, fIt=cial or4-0-6adviser immodia*ly.
Airtns is om•ing to bty an Al}*ton Shares on-merk* LE ASX bASO.20 per Alhenon Share.
The Off. wm not ex=xi m i. 140**m ofmor Aih.ta 05*ionaAliciton Conv=*718 NONS or Atherton Pertin ince Rigtlt. Bow,!viIq Alherloe Shares t m i=,d =I lismd tr , ,- -' , , Mi ASXdming liz Offer Peded m a r•,11]t ofthe ccmvcizion ofAliwiton(]00* ble Notee or excicise ofAihert[ 1 ()5*ions or AlhertmPesfII=Ii- Rig]*s may be aold Bazalint tothe Ofler.
Prom the 616 tri,Grig u.„inenced in Af tom Sh=es 08 dioAlDiWip Im wriwl in 68 rr rk t to Equit* m 1, ]fafAl*11= an Aihestm Shazes at A$0.20 cs:h pa Aihirtna Shtre frommk h time up lo gild/rt ofthe Ofrls Perir« und.* the Omt 18 with**wnin ago=,liI= with the C¢*p¢*1kin Act
The Of will be made on bebalfofAnctns by Morgans through ASXMoggins ha becm,ppoidad by AncM to atmid in 1,0 Ina et to acquireon behalfofAȢ108 111 Athenoo Slimes ai ASO-20 ra }i per All-*nShare *cin 18 Se *r .62015 m,51 ate end ofthe 06Period
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WI m cami accepttheon='
No. 0323 P. 15
Yon Hm J your Adiatrm Rl.tes to A=tus Oil-<nmicot hom 18Se Inbs 2015 ul*Il th© Id oftmding on ASX onthe day dit die 06Period MI. Al=m' broks, Mctgana. willat=i hi themed on behalfofAuctta to eluite all Allriton Sl¥'re, at ASO-20 cm•li pS *1 1,4,10Shar© 7,,, u-,,, fhit peziod.
Un18*4 wilhaiwn or ext=kt in,000„kn witil tile Co,porati AAdio Oms will clnm d 4.00Iin (ARRT) on 2 Now,nbu 2015. Aix*ns willgin Athcr©on Sh,trei kn a .11£1- nctice ofally extelikm ro tlie OmrPedod in =000„kitge with the Cap(ndons Act
Wi the Olerhim h® The Offer Ptice ofASO.20 h cach Shsre Win IM* be i=vased during &hal®d'
fluth N OairPIWI,Id ami aeOmer Pulod heairdedl
Him do IzeptN0!hst
Whatw'Ir®c®,mifIacc®p¢ the 0 r?
0&Poriod in fbe *scme ofa =Iperkr BvoosaL
The Ofh Period will omcidy commemce at dis start of*ading on ASXon 2 Octobs 2015 md md atth© clox oft=ling on ASX on 2 No nbe:2015.
The Ofh Period can be ex= d d AI=I:, elecdon or othe,wiso in' , I * , Wi 11 the Corpo kms Ak up to & mam"m Offer Pe d of
12 meltid Anctus wI[l give Afhcrt= 1, .' · ' a wdtim notice ofany c=1==ion ID li,B Off5 Period in accoid,110© Wii 21© Cocporation,AcL
Tho Ofh Period win autc,i=tiCally be ctknded unds #10 Calp(,ia,=Act ifAu*it Iding powe: in Allinrive inC,8,005 10 Iin,0 *In 50% in 48last govern dip ofthe Ofh Period, mich c,ctcnzi,= 1 11 be for 14 diysfivinthe da of Buch wag power inger=Se.
Hyoi hold yoar A:lie,tom Sharcs li ankie Spoiond HoldimB youmy soll Fiur Atherlon Slms by ineu*ing any hok., which m,yinc d© Morgat:8 (where Miss,ns it yaor ezisting Biok= or you appohiM Im m your Bcoks), tO accep¢tho Of!br on your behalfbcfn tizmd ofth© Ofc: Potod
Ifyea hold yoirAthorti Sharm k a CHESS Hold* you may aellyour Altiortim St=zes by tructiIG your Coniro[ling Partidpel to 20*die Ofh on your behalf&1110 1*ie -0 of& OffEr Per;ed-
Ifyo. an a Coi,troilim- Par¢icips# zoep¢Ince of80 Ofh Imit beFit**=1 in,903,1,„ce wifh rule 14.14 ofbe ASXNOper•NeR,les b®Rte #10 ead of(he Ofb Puia
You are nc* requited ID eo kte a Arm to •-:* 58 ofb.
The 0/6 is s fls]I rs@* offer. Ifyou m-:• dio Offcr, yon wiII receive*$0-20 c=sh fir Mch ofyour Atheittm Rh*,1
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How do.bOkFbco=pam.themcit lad* PACe OfMile,1„ Sillul
NI.ccept the Ofler,whmwil Ihe paid,
Iathe Of,mr , Mect $Oa.y .1 1.1.' T
Wm I,eedto pqat/'pd/Oer
_ h. ifIaccept thei
Whitin Ie tiocatii.Ad-WI=*the OSDrT
No. 0323 P. 16
17r06Ib e af ASO-20 per Allriton Share .,. .,/4 -M///QtiVe
In,<Don to re©ed kading Isicas ofAli=tctt Shm# in %394=, theOmr
• 53% II=nimii 19 010 VWAP of Alliclmn Slires 00 ASX on 17Sep nber 2015. being the but Tkiding Day for Alherton ShamS 11»11)O , I ' ' ' I ' '. , ' . ,1r Date;
• 49% prcmbim to the 5 day VWAP ofAl=mit Shaxw Mi ASX Rx1 pdod =d 17 Seplmnbs 2015, being 80 kist day on whichNiatcm Sh== Mded I ASX Fix to die lilli, I.., I -,1 il.'ill'/1/'Ill.:=1
• 43% Ffinkin to AN.14, b©ing *0 prce per Athcnon Share atwhich Athertion's mot rmmi capit»l miling wm ,, „2'.1., · 'Zid
• 100% pridum to ASO.10, being tho last Fix a which AdritiShm= traded on ASX Iric* to Ancms making its in ial oms for allAll tnn SE=rm 29 Apil 2015.
The usual rul©§ fbr act#cmcnt ofO[Mni,19/ tramactk¥ts cii ASX willapply in rmpect ofAIX*Id •, , ..'ll , I ofyoar Aihniton Sharm. Thismcans that if*u acces*the Oms, Ancins will pay *u (iiaT+3 basis(beingthree n=lingDe, ah#10 dia ofyour , , -6 1 „ ,1
....The Ofh is nd mt*ct to Iny 6,1,11, el. nr Off= may be wilicimwnin limitd circumstances detailed in =tions 6528 nd 652£ oftheC(Ip(nii(mE Act ™s Will mit aff3ct yOU ifyul have ,]re y .ce!*cdCte Omr beht thstime ofwi diswaL
The Offkr 18 taking place by way ofmi *mar t t-ovs ba Alle,mnwho acce* 810 Offcs may only do zo lim,ugh Broks, or
Controlling Particit=/2 who mt membm ofASX You 842*114 alk yourBwikcr or Co!*olling Piticipant if any brok=age or odi. ies or ciErpwill apply. Any such tbee (* cl=0088 will be the sole reap(mlibilily of68accel*ing A/lettxx1 91 1 ·' /7. I
Am*lls will bir it] own , , '· . o. Ciany) 00 tritzin ofAf tonShmts acquized tliOUgh accelilinces ofdie OfEs.
No *mmp daty ar GST wiI[ be peyable byyou . thettansfer ofyoirA*=,Im Sk=res pmani m 0,0 Off (oe= fhan OSI' payable to your8,40 2 Caifboning Parrcipani in respect of ,,', - _- or di= f=es Mchargs diarg»d to you).
A mal =mT• y af tin Anstmtian t=tion „ , · , - , , ·. fir Af rtonSI el¥,kkn wtho acc* the Ofh 18 detailed in Section 6. This ati,ififiiry15 ·,11 ···. , 8 M.,tral trrm!: Olly „w! iS IM* iTili,)/la,1 10 #11.,fir-advice ft* your Bpicinc CittumSI*ItCCS. Ather cm Sh=tholden shouldseek 6& own 1 , : ., - , r. , ' lixitin, Rvice in niation to li Off .
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Wh happe= if Ide.staccs,¢t olm t
No. 0323 P. 17
If you do nd zoept 010 Oms, you will continue to hold *t¢ Ath¢nonSlums and be =Wdto lite riab amodi,0 wilit All,0,10:IN hhm,funding unocrtaintiM and oth©r 088 aasociated witit „ Lt $ '„ yourinvoit,IMII, hi Mlia,1nit.
If.Aigins =quitm a Rnia,mi,81= in dkist 90% ofAI ,eit- Sh=mr„cer the Omr, Atxmt' iM'"383 to pmcceed to com*sortly •oquke the
7, Altrrtom Sharm. IfpurAl rti Slises arc compul=ilyac fedbyAN*. ham=mix.mh[1/. S ne InS asile06. Howev< yoi win receive tho Oficr ConticlcratiI latcr thmt fboAl*.Iton Rh=,®be,ld®a wtho e} 080 to acceptfbe Of .
Ef Auctus does not become .#.ded/O . , „g ' ' . , =quite your AlillitgalShics unds tho Corpomtions Act depmding on ths =nbs ofAll=tonShar mquimd by Ang:=, you =y be a mit=i Azi=tom Shnehold
REE r to Section 5 *ir didk regarding Azins' Elmtiom wib rmpthAh# =1b butinels.
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1 '0-1 OFAUC US
11 C.10""41/Al./.
No. 0323 P. 18
Aina was in=poiat,d an 3 1 Mairk 2015 as a special parpose vehicle for be *peciScPtipow of mding mafkrto mquie all *e imodst=rm in Afk *cm, Apotu, i, s wbo[ yovn»d subsidimy of Andus adlhgoe Hol ngs Pty I,td ("Aixt= Hoh14"1 1,hich wasincorporaW on 31 March 2015 = a Blfling 0, pany fDr 810 putposce of holding all of theim=d d,Im*iml in A»cins.
Amins Minenls Noininee PV L®1 ("TrianteD holds 100% of :he issned capital in AiM;|1=Holdinga as tustee h the Auctus Minerals Australian Unit Trust C'Aixt= UdtTnit"1
Tli mig in tite Auct Unit Trld are held a to over 99% by Ancms Minetals FruitHo lings LLC ("Aid= ILC"1 a Delawan, limilad liabilily =!!paity, wilit the mnainingunits held by maties Immi,mid to #18 Auctas Dixecvm C' ..2-•.t U*HS *Hee'DAuctus LLC i. 0./d by A=tns 16!Mnis LLC ("Amzt= Ml."ah LLC/'1
Auctas Minaa]S LLC 9 1 al to ove, 90% by Demham Commodity Partners Fnnd VI LPmw{ I m ilie r=naindir by Danlim Commodity Part ers Pir,wl VLA IP. B**1 *,rwia Iadvised by Dcaham Capital Mna/meat LP ('Damkam Capital"1 *in enetgy and Iesot*cmfbcmed gobal pavin equily in/VA./ firm.
The ownerghip *rtioture ofAm*nz im demiled in 68 diagram below.
C.....APM„= Fill VI Plli// Fl
%'AL'll
U.C Sm
1 1
--Jilit,&74/1#64iir#.000.
p.-
P... = Mid
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DLA PIPER8. Sep. 2015 15:22 No. 0323 P. 19
A..8.=*W.=96-06..I.WaASIC aIMIizI tl d-tm,rmopizedMock b and *mfkn 18 not subj©ct to pcdodic :Id CoutiI[»0= discloamtrequircmcm ofthe Ccip,ntic= Act or 11= ASX Iiing Rnki.
AB at th: date ofthis Biddcta 981$0:1'ci,4 Auctus ba' not , r - 1 ... any busin©Bs other tblan..#W*bl ..oc ild v'h i. prpased ."Balucm of Azhs=, Shic. ind b.. IM .... Orliabilitice oillor tillit *3 =mcction wifh Buch //Htrvitics. Al'©tu#' fegiding illilijic/1/'Ilt' ilm[ It tn #= Omsaro linilod in Section 4.
21 Amt= Dir«*ri
The A™*ua Dire*rs do not bavo any *3curiti- in, Mpot=* 1 conllict, of int=vi in relaticit4 Allin,lon. A brief m,1,11,1*,9 ofeach of6,8 A»ema Di,8#0,1 ia degailed below.
Nlr Slqli.M.Ao*h-*1)hector
Mr Mordoch is a Maantal Engi s Wilit atimldm . ra ong opet:tional .ckZ.
*1 *8 resources sec:or afwi
A =mple of Mr Midoch'z e*periemce inelndes belig Chief E=utive Ofter of KimmMing I.td, E=ulivt Direcu of Cape Au*alia Holdinga, Chief Openang Ofncer atAntil Ships Lai Ind hoMing variol= po oos d Mt Ima Mines (MID4 ' *'„ Al,. MixM:nags at the Oaky North Coal Mine and General Manager Metalitngical Opmdiems atMt Im-
,#h.*Iar
Mr Sims ia a highly experienced and credentialed re,ources finance prafeeeional with over30 yeari expe :e.
A =m* of Mr Sittits emperinnx iliali being Chief RIm:*in Offbu Ind Chk,fMincial Ofnes at KII*12 Mil*ng LEd. C(*II[Ilittial rOli in *8 00¤IS WhIC RMouscesI.imhts niald buziI,09 =1 fi! e 1Ixi cctnitiniziial role= d MI=aRe=sce, PRy L:i
Mr Terry O'Commor, Di*ctor
MrOC(*mor is a Mechanical Engineer with a stro g in*national n·ack r©cod of lidingtmms in ini ,04 pmjw doliuy=1 in basine= 5. .'•, „ -,r
A Impi of Mr CYConnts * ' inglides Wng Chid knoilim Offou ofhaimb[lky PW IM, mi ixie,iiitiocial co=hnoy mid *lmical Ber«es povids .dmailliveroli wifh amtnhe of hIE»1,1.., 1.,, , ·, 1,1.... 1., 1,+ 11,11, · 47,f,I,U- 7
At*[alia Pg LEd. MI'U DeE[oit Diesel Australia PW Ild mid TiftMining An*[alia Pty L:IL
13 Ovier, wofAmet- Groq
11 Trustee %21 in=porved On 14 Oc®ober 2014 ft* 160 parposes of holding the assets ofth© Auctu8 Unit Truot on tru* h Auctus LLC =1 aM, 0 r tmilholdcss of th© AUC¢:,8 Unit
10 A™int Uni: Trust *ia ablihed on 20 rh·*ni,- 2014 6]r 11,0 Irimmy purpo= ofmg*ng h activide rclad to mining, including idca*ing, ovaludog and, M : , · : 1Inv-*-g m „ , r. ' : 1 7 - 8 ind poody 6 1 1 , .L mining 8=013 or Tmject thK
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DLA PIPER8. Sep. 2015 15:23
Wi111 tle","- 7,1, ,Ind0*4.
No. 0323 P. 20
ofqbtal =iII=Il 0,1 emC ]r, Canqaickly be hougls to catit aw
The Andus Unit Truet iS thcad*© fbouecd on idca in& acquiting and defdolingFinizing p jecli inin 1!oddim =liminvingbe==nics ofopidomt mining ,¤ftlioughout AuhA in pmlicular, non«.1 11*cu that = cilicr mar H dmlot==Itr=ly.
in n,-*'.1.-2014, A' ,=r-r , 1,14-- . off e I)ml.,Im Fmwig s,tpredintn m agreen, tto ovide up to US$129 millie,1 bo tl» Tkush h the p=pose of fmdiM the Auctns UnitTrulfs purma of Enve,i=mt opp mitie, inbAnstrilim ie, ource, in,in®y,
Dcahsm Capital is m emergy und re,ources fboused global prh# equi inveatment ficmwilit more *an USS7.9 billion of i*vesled and ce*mnitied capital Ic,o= sewm funds. Withomocs in Boston, Hou84 Loodon, Perth Id Sao Pa:,100 f ads advised by Denham Capitalm lcm dirs,i inv stin= in the =sEy ind rmourcm =cinr, incinding minin& powsgmention and oil and 820 bus ©secs Such investments are med© acron the globeaad at aII*poffi corpor li cle.
Purliti 1 1 1 1' 1 1 . /1 ' 1 b rel[ficm S Demh,In Capital is anflahle an h ubsh.
14 PiNkly s¥*Ish .' abo Am•tm
Anins iz mquimt b bd, wri,ns ,'• v, „ . 1 wiA ASIC. Copies of : ' , # „ · , . < 10*11 withASICby Axtus mly be obted hn, M i ,pected X m ASEC oma
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DLA PIPER8. Sep. 2015 15:23
1 PROFILEOFA :9' *N
11 DI.claimer
No. 0323 P. 21
This o,vview ofAlbilm and all En W inli,1,1,:li comining Atizilon oc ained in thiBickks': St,1=„ent t=s beem Fp:red by Auctus baxd on a review of poblicly availableiI[ht,iaticm md a due diligemee review Conductod by A=Ins in , ,U' 48YA- ·, , . 2015which involved reviewing certah noG·public infxmatim aboit Aditib provided to Auchtsby Alitstai
1.10 ittfollitit/'n in this Bull.+3 .4 -, . , ' ' . collrming Atbill/,1 1//s Ilit 1,"01 0,+r",2/.'/lywataed- Auct and the Alictus Ditechs do 4 tul#ect to applicabb law, n.kn =Iy
2 ., '' ' , or mmnly, 8/p.Ma 0/ impl d, as ti fle Bacor/ay or comple®ene= of 81'1,/fbrmatioIL The Q'lk¢matio t on /0/9- 011 10 .O¢ 9/-..8..LAM'ito be .,24.-4., . -For more mil« . L r Ali Tton, you .A,ifiu r *f to Ail,viton's ASX annot¤»ementz *ad theTa 8 Sta*me,*; which will be =]t S *u by Alhenon as requ d by tiM, CO,pOr CI
3-1 On<Ibl of Ath=to
Aliiati (pteviously ki,rwn al Mung'na Ooldmines Limimd) is a gold and base =lils=10 z . ' • : „. - comp=OF whigh holl a p,Eolk, of FW and bio metal
F*cm, I[,inbr in Que,usl=i. AngtnEL Atherton was listad on ASX on 10 June 2010(ASX CodE ATE) = a spin out *,In illow ASX lit*d Kagers Limil (ASX Code: KZL),which mtheeqthes,liy =ytmtd i,/n 1*];11•ir*, b 2013. As d Xe ¢18*m of thil BU&0,5Stit=na,$ W =Mi ia '· i n , Mung,na; reinain mljor sharcholders of Athorton ,/lim agglegils limlholdit$ as a: the d- of ais Biddnb St,ls™mt; of 63.1% of 80 ims,ied*se capittl of Altimton in =klition, Kagara and b nsan, al@o hold 7,500 AltertonCmvertiM NA Kagm, mul Mung*na have st*:md their c[mmt himitions 4 in 11,Bab#„ae ofa mpeflor,orm]_ to accept 40 08%, 1** to the d ofac OfEs Petiod fbr aIIofAe All ¤i Ah== 11•t e,ey hold at die ti[[M,by =ce!1 but m t duqobli, 11to do 80 =1 may di,pose ofme Afhatom Sharco to a fhird party at *ny #Ine
Al at the da of this Biddery Stateme=i, Athe,mn has 279.691,386 ii=es on i=,8 amd aA.mult + 1, „ ' ...1, 8/ ,, „ ,1, A.' An: millirm (based 00 fhe traded Fice of
d $0.135 per ahmt an 17 Se,*inber 2015, being the last Tr ingDq *ir Athstin ShEres pki 18 11]0 11'*,1,%.1.-,11. D*1
33 0,«*dw«fAan '/A.0
Afliston portfolk) ofPkt and base metal ojecti ioclude the Mowing key Fojecta:
33.1 Chilliex Pmjeet
I[ho Chillago© pr(dect ia loced apti,ixi]I=mly 210 kihnettes West of Cairns inNorlit Qoeeml=L It co,trs a kqe s:zike laigth of ttio Chi[&mgoo formitionalong tho Pamiavilk fault The *IN has hi*oric,Ily Induced zinc. copper, *ad,silver and gold diting bedi to its fist , , A .1 , , in 1888.
Ail=r It Gurr!1*ly has coppes rmot=oes ai Pemznni =1 (3!tfliths Hille whichreg%*M (mgoing evalnation and #te mi li po=dial f r 81#11= disoovezies ofb.se mank dqdk
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DLA PIPER8. Sep. 2015 15:23
3.3.2
No. 0323 P. 22
The Chillago© project al,0 inal[0 two 1=, ip]£ oopps-titwr tesources in them am Rsd D , and Mung=i Sibiled #ine ivilaine*cs Imt 80te,omcm kiemliSed inthes© arciB hme pot=lial Br lari scal, opem pi .idu,Misground mining
Eartior thia yvir in l y 2015, tin ™ , · - , ' „ , ., :,„.,-ofNatuml Resomces=1Mit= grantd AthertH a mining lease ovs the high gtade King Vol dcpogit
While tho Ne.gest =P]oration wozk is =lefwa (Iefer to Section 3.3.21AkEs prin19 fboug w[It rem=in on opl ing Ind £6valoping ils highrgthzino =1 base I[M*mls :=f e the Chillagoe poject, including 40 King Voldeposit=idic Rcd Cap and Munsm arem
N.,Ii,It Jralit V.,ib,je
Allriton has e red inte In expktatim joid v'*Zin:I* agiseme,11 wial Ne,K,edOp=idi= Limi d ("Newermt") ("N,wes=: JV / :- / ") md-_mced 1113 *]Cus of die per es w,8 cii Blocking the p(*phyry sold copperpo ,1 at the i]140© pr*Ct
The NewmeSt JV An*Ilgmn=1» provide fbr:
33.2.1 Nntae# to spe d mi biiial A$3 millon commitment to be spentwithin the flut 18 mii,#I M . 9 ' , ,- ,, · mid
3312 mi q#M in fhvour of Newcre* to sign a Girm.in 4 ---, - =1ipmt zip to m iilifit i,1.1 AS17 millicm ove aI... 78 mon#g
Nowcrest hag 810 0 icm t receive e ma 70% kilmst in mi „1 1, . , 2 , , - joillfve,litite wifil Aihestom if tlie above apemdititze requitements me Ia fled and a
of 1Moz of gold or gpkt eqgivak!1 Mitml Rmource is discof,red. IfNoncrest does not emcise it8 48- to 0£*er i* the fhribin agrecmest or,1=ving done 80, doel not enter int» Am joint v=ime u . . „ . ,r All„,tgn willretzin ia liest in 80 -, u' ' 4", am Rie <ect of 48 Nov/cat JVArrangemenfi and any + 2., 7,, chin or *,, I. rz. obtmined chiting ti
„ „ „ , Al · , - ,„' period =] mor fhzm-in period
The -, „r,
3323
3314
r,-,, -d firm-in , I, 0 - „ - I n. exc de:
810 King Vol zinc ckoposit
exi=:ing Mi„,cal Resomrom d Red I))10 atxt M ng,ma =wi in theRed Cap mm. inch,ding th© Red Cap tesomccs announced am 27Apil 2015; and
3325 1hC sufhco .n ., ,, 1,1 . a//1 LITiox=ing facitdies k,0./.d // ti Mung*ta mine 114 inct,iding the P lly =npleced concentrator.
3A Alher¢o.'0 Bolud ofNreg*on
Asat 1790 =,thor2015, diohih ,Imn ' - am:
3.4.1 Mr John Fit,TIV- ChaimIn, Non,Execulive Directox
l8
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DLA PIPER8. Sep. 2015 15:23
3.41
3.43
3.4.4
Mr Adbc,my Jam¢0 -Managhg Dircc or, CEO;
Mr Justin Wit- Ncm-Ezecut e Ditector, and
Mr Righard Ye im -NomE,incii#,e Dircc:or.
No. 0323 P. 23
3.5 hbl=lal Ibe Alhe,6. memities
Based on fhe materiall k *d with ASX up to 17 Sqi=mbs 2015 wh h include the7, ofAllin,Ints mcelt placmn=It =lomeedI 7 2015, Alhertods securities
C Xise Of
3.5.1
33.2
333
33.4
279,691,386 Aiherton gl=re<
250,000 m¥uolad Al*••1£11 05*SM ®*Ch will =1 -mcise ptice ofA£100 and miC*pay date of 17 Novembs 2015;
7,500 Atherton Convertible Notm; and
13,699,999 Alter=t Pet*xm=ice Righ
Tho flin ms below *bow the pric* and duly volume ofAlizilcm Sl=Its on ASX fic the ye,emdiwg 17 Scp*mber 2015, being 80 la* Tmding DEy bebe 80 Am ,!ament DateAfkst= Sk=rm hav wit tr ed above the OffES Plice for owilitte maini=.
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DLA PIPER8. Sep. 2015 15:23
3.5.6
3.5.7
3.5.8
010als016all1112QLIM
01QulsaolOmom
5*2014
8[4000 -
704000.
604000 -
5(Ium -«Ilooo .soo;m -20 000 -
RE#,M. -Vew
No. 0323 P. 24
. '.. .1 . r
Now-2014 kn-2015 Ms-2015 M*X}15 JaBiS Sep-2015
Sep-2014 lb#-2014
m..I-vew
31*2015 M -2015 M*2015 A*2015 Sm-2015
-,r T,ete-Al at 17 Selianber 2015, being the latt Tmding Day behe be
333 the last mcanied tmcling 0ce of Alherton Shazes was ASO.135 ps AlhertonShire;
the 5 day VWAP ofAtherton Shares ng A$0.134 per Aihetton Shme;
48 10 day VWAP ofAl,Itium Slms was ASO.14 perA tm**14 and
the lowest recoided tr*t g Fice ofAti=tcm Sims in Ae Invious three mouthsw= ASO.125 pu *re, I St ==tty 00 30 Jux 2015.
14 *ht=W *melialden
Raqcd onmairuialq lodsd with ASX up to 17 Scp®embcr 2015, Atbe*=1 8 trberivod titefbilowing mibstizIfial sh=eholds notices
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DLA PIPER '8. Sep. 2015 15:23
Kagui md 1{=gana
Proip©rity Std United Sbgapue Pto W
Gamdong Gung:in Holdings (houp LEd
I.*be®-40
10 Ame 2010
8 Jux 2010
26 Aixil 2012
3.7 Ameta i=te:t. kA = m =CE:iti=
As atth© dato oflb© Bidder's Statomcat
3.7.1 ne*bor Aucbm nor m,y of its contwiled c tib; and
3.7.2 none ofthe Anclas Directors nor their=Itiolled mlides:
holdqht==11 in Afi„,Ing, secnittios.
18 D.D...al.An.lk.
No. 0323 P. 25
. .4-
176.478.391(63.1%)
13,000,0000.656)
25,120,000(9.0%)
F¢* the rpn#& of crwin,ming iti a.,fREn,mt of whe f or not $0 proceed wa the OflkA=Ens N givem acce= by Athertn,1 10 ce,tain fkt:nciaL co,poiste and *kthmatiom concerning Athe:ton and it, Subgidiarim whioh hm not been digolosed general yto AlliertIIl Shareliokim
O¢he,wise *sm, = disck»ede.i in fhis RE,66.'s S,-•,virti of li 1, f, .1, r,-,, InWiddl Auctit, WaS givell aCC®86 WaS. in 48 opilIicm ofADclug ofsuch a natme cr qualify*if 50 1,„, „ ; ' ' w:g ..,any apil.hl a re.® ..ble peiza wc•*1 .,:* to have auu,In,ial efict be Fice ar vah» ofA =Im Shms or would diwise be malmial to 48decision by an Athertm '+, --, , ' r , whed,sornotto .c*di, Ofh
Ho*titz, the fact that Auctut' dccilion to mobethe Of&r ns confirmed by its review of theIll" 1,1 6' „ , 10 v,hich it had access may it,elf be tesmlied as t, , 11.-:'., In,inri,1 to a
decision whetber or wt to * 005* 80 OffcS.
M hhady avml le b.
*0=tom is a er,113*ny li# 1 an ASX d il mt iect m the periodio * d co *oous di e]0 me/,0 -„ ./., aftiM C(I/,C//dic/ts Ac;t /[MIti ASXIA,thig lb'k"L 11/38: ,'**ru ,;'' , require
joi//11. to ./.'-IM.Ce pm'e /-'"Ihive 3, 6, „ 4/,/ ia soM = it boooine, aIYile of Ae1,1 , ". T,- , , Sakieat t< tile .1,/.1 ..., I fir ocr#,1,1 * , 1,7 : . '6. I'lle /1 11 . ,
For in*i,initi(Il ==¤ling tiz &1,1101,1 pos ikIl =1 afflirs ofAdvi,< yil 12)Dilkl mis 18the fvul /1/108 of i le, " 15 , Aw, has beem discloeed by Alt,£¤t pan"/ra /0 d,osedfigatkms. Afhe,In,/1 animal mp* 6 11= 81,19181 yeir etided 30 hz,o 2015 was gi,m tnASX an 7 SM=nbs 2015. Athefton Sli:,Ii,coldets may view Implete copies of the audimdcon oldmrd finencid st,kenw,An af All„ton f[, tl, yamm m.d.1 30 imr 2015 .rwi30 June 2014 00 ASA websim RE Www.,&19.Cmn.an or 68 Aihetton website d
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DLA PIPER8. Sep. 2015 15:23 No. 0323 P. 26
Sixe 30 1=,2015, Ati=lon has In a n=her of a=]ut==mE; 10 ASX that may bor*vant to its bmicial posinm on ASJOs website at w,w,ami.,Dom,an or the AihertonRe|]tito at w,A¥.afhenoorc,ow©cuom,au. A copy of cach of th=Imay beobllimd Rom ASXs *ubito Et www or un Allie,tim wekim dww,u*=toctreBourc©uom-alL
10 addition, Ailie,van is requited to lodge various docum=13 wia ASIC Copies of: , . , „ - - , r, k,dged with ASI.C by All=ton m,y be obtained frctn, or - * . 4 In ASIComce.A , .: „ , amount of info =tiM abot Alite,ton is avail,ble in dootivitio Rm frum*ww.athor r©sourcou Au.
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DLA PIPER8. Sep. 2015 15:24
4 SOURCZS OF CONS[DERATION
4.1 Form of " 21
No. 0323 P. 27
Gic the quisit ]nair= Afkstmt Slures Imdcrthe Om* is to be sati eddully by payment in caill.
42 Maxim=1 I .' Al po.bb
Ihe OffeT is a 100% cash ofiT.
TIM, at[10,mt of cash Sit will be peymble by A]imng if iace,Rnees are received ir allAll=ton Shwes 08 1980¢ as st the date of this Biddeh Statinetrt is k: „,s ,',.' A$56minirm If all Aths,xm Optic..4 .1.d All,irtiia Pe/lk,mink Rightq me Kifitz,Id mid anAthert*1 Cmvert[ble Notes me =Immd ido AIher¤t Sh* an addilia,1,1 111*1,/ af up to
1, & „ ; „ ,1.* A$103 millkm wonki be ply•hi. An=dingly, the maximmn amount AD:tusCould be requited m pay under 68 Offe is „ , ·· ·t„ A.. AS663 millkIl ("Maximim..
Co.Ilderdli.")
43 Slure- ofcoilide,atiom
AMcms has in aggiegile exi*ing ca,h IMer,85 IDC] 1 A.:' . 1,-,„r, 18 casit hi of meMirim:im CAI,gid,Eiticm, to **s with all =locia*1 tr:neection coeta. Andis iI Mis toftild the Of!= solely tbrough those somces. #Doctit „.re „ „,- In Calit k pms[=f 18 munconditio,11 k),m agreement entered lito with Al,ctus Hokiinga dated 17 SM*,inber 2015TA„am hel]My Asre=me•t 1 Anctlm Rb in@s will aind ia lin , , „ „ ,m„ - „,- to A=tusp,nuant to h ban ScOily wifh Auctug Unit Trust which Alidii Unit Tru t iII,mit to Antliom ihcalittelerles.
Having reg,Id to the ,· ,1 21, " · ,6 =1 1[ tim demiled in thil Secdon 4, Airtin is of theopi Ikm #lat it hz, armsomble b is Rx fkrming ti» visw, and it holds b Vkm, 11,£ it Willbe 'h&'1 tj "ti'fy i p,ym•,t , ; V_ ,. ; , , nnabr the C)frye
An# addingcath re:cn= d Hiliticme!*1 lo calh arc not su4ectio merc=]itio,= miaro ncirequimd krodis , 9;. ., 1 ofAuctas or4 allwr mmiik ofthe Andis GroF
4.4 No kdging
Given lizi t Amins P ilily 2 - , " . 'r h for En $A r.,, „ 1, .A, , motmt b-/Inohedging anangcmmis in place ar move==liB hi e=hang, mins in respect of dioIdesgibed in litis Seotion 4.
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E
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it ilit 111 45 U i iC
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8.Sep.15:24
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DLA PIPER8. Sep. 2015 15:24
£4 Ill=flom 0/Aitm lfit Ieqairs k•s th= N% 04Alinilom Nia,u
No. 0323 P. 31
1, Al':als ",b: to 'C'Igir: 1®88 ti'M 90% of th© Al,Ae'loat Sharcs' '1'<71' "'1uld I'ltlilli/ . M A -' become egytkied to) crnymils,ily fam any , .6 1 1 MI, i Al ton Shares mam
Part 6A1 oft CCIpor!tions ACL
5.4.1
SAl
5.43
SAA
Gid
Auctus will imple=mt 1110 in itiom miled in Section 53 above to thea6,1 it is ec=*nically fbas[Mo * subject to 80 requisnaa of &Cofpora ons Act mid my .''I ' . knw. Thes, hz)/diouS apeciS:ally include..
ti=e in respect of die Suategic Review, c(*pirite matic,8, =pak Off =1m=.10)(a&-11 „1,.5-, , of 5,0 , -
I. . 1 =1 1='fll busit=; f,DIJ N., ,
AIX Illiil
5.411 Anctos will, in circt=tances where m*tu lity ind 80 ASX Lis gUnt- I•rnit -6 10 regx -ve Al* *1 1161,8 on tite o..M.1*1 Hat ofASX
5.4-2.2 Atirrinn Shlitboldets should be swate diat ff Athe,$on continue, tobe liMed on AST the dearease in 88 ihir of Alb#.ton 91,.ms.mitihte ** ASX *•Aing may lim &4advtne efi * on thparEquidiRy and theirmarket value
Act*a =*r . I -r
5.43.1 Subject to the Ce*penti<*19 Ac Audin i ends to beconie *ltivelyinvolved i-1. . „,i,· Athirtim's n. mih.1 11 11 al 11 - i il'lir· andco olling die strilgic directicm of Ather s b,taineSR Auctusbilends (gubject to * Caporticx= Act =1 Aik=Wi constilltkm)tj rtocme the V:,1,-,„ ,- ofarn,jc'ily O/14"/ctudi rw,RMhwees to 1//5Ativitim Boud 90 fbat the Yop tial ofAIX*=' IMIniI,Bes is &0.dlyin litio wilit Atictld vt*ing powwr in Athsrhi.
5.432 Mdilirnally, if Aiiatus teceives acceptinea mids the Of thatbring la thmthokling m more man 75% of Allix,tom Sh,res, it willbe in a poddi to cast the votes required for a 'apecial Iesol tkil' ata mesting of Alheston Sharcho n. This would enable ii to 1.'=reGO!*malst e=mple, b aINIMi Al on? C(n-ti -Al,1
02'Ir iI'llib.
5.4.4.1 Alnu mme: fle * * a m- 1. li]IK acqui f=11=Allifiton Shares hi a II=InS Co,islit Wia tit¢ CotporatioCS Act
SA.4.2 n 18 polsible fl owm if AIX*nS k IM* C[Inlid to Focced to' acquitition of =ly Ouat=ling Al=ton Shares under
Part BA. 1 oftbe Cuporalk= Acl Amlm Imy ' , . : - ,1' becomeemdiled 1n mitile rigi13 of gemenl mipo]¤y aoquisition unduPart 6A.2 of th¢ Corporationg Act fi CIIampk = a mmit of
6' ll.'ll , , ofAl=ton Sharm p=11*112 10 48 "3% catep' C=1*min imn9 of acction611 oftbo Ccipcnik= Act If .0, Al== Ifiy
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DLA PIPER8. Sep. 2015 15:24
U Limil.jion om - -:
No. 0323 P. 32
acrcia© 1100© rights od'compul=y acquisi Under tbis sce/=10,di . -' Of lil, '' .'ll'' af theAthe,zon Slm< Anis 1¤Emb to impknt & ilm#imis inSection 53, t 11)B c:titmilhai i, coo nically fkmihic mi m ]8©ct to4, requill=.M ofdio Cotix,11* 8 Act =1 my applicah], liw.
Tlrre mly be Nmil,Ii- to Airtms' .1.ilily to givo affs* to itt inifixt = 4, 01*lined in fbigSectkm 5 Ac to th¢ 10§,1 obligatiom of the Athoton DiI,ct to 1=V® regasd to the bestinisest. ofilit=km =iAti i,1 . , .1, ' r . . 1, '., r; te/' rigb,9 ow<,CLO,IM.02* shigrgioldersInd ti» I· 4 0/40 Ca,poi,dom Ac Auc@s mN Iequie kgal and finmcial advicebefin M Eng whit tion to tiko in " will the d*ilod in tidsSection 5, including in relation ro any : ' „ + fsAll.#.wit Shar*olds appEuvmL
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DLA PIPER '8. Sep. 2015 15:24
61
Al. '
I.UNUM.06.m
TAI CONMDLRATIONS
No. 0323 P. 33
The following * 8 ,ment de,=i m of the AIitralim ina3„0 mid 0,*W pin, taxecor) conse,==sbit ma, mise & 00£ in AiliI,ton Shmhokien on ditpohg oftheirAlbaton Sh:re# (hough 20*mu af #10 Ofh) in mtum fir cash , · ir,"\,Fo · , ThoAns*nHan tiction 2,1,04==s ** Ad=h Sh=lholdn wm depemd on ti r individI lcito stmjecs. Afber on Sli.relic)1£1.a diould make ABir own quirie, =1 seek independent
, ·r· ' · , Idvice an ateir cixcmnstmaces.
The inG,mitirn Mlow is relevint 4 10 tbos® AW mu,eboki.. who hold BirAilriti Slizes on ©spital *count for tbc pmpose of investment and who donot (cx wouldnot),Wd.- 02/ 5 an..2.2=9* T eee Co[nme r,| to Abitt Sh=esonly and not to op ci or other rights hcld ov, Athorbon Sh=cs.
C:inin All=tom Shatitolde,3 (sucit as those =gaged in a 1*siI<ss of*ading or iIffe tme thoee who mquired fkrir All,Biton Shirm f[I 80 purpose of re.18 af a,ofit or #uee whiuEre bilki in=IrmI= comp.]im, t= «mI]E* 0407%"/5.. or Ir „ „ , r' ' 6II][15) Will orInsy be subject b special or dims¢mt tix , • , - Al , .... , pErt lar to their circum ncce.Ait,ex,110 Shamito],2„ %0ukl oblin beir own Anatzili*It t= advice apecit b their o,bmrelevICS. ·
Aihstoo Sh.*1071.1 who me not t®Bid® t *. Aul-nu: 0* tax puq,3-'- thed@ld *180 ..i. hdo8000[3* tbe t/x ' ,' . Dr™6, ti Mtwi of tt/*r coU. y of n.kknee, as wen = u./1Al:*alian 104 oftite di,posal ofAtherton Shares under& Of!ki.
6,2 A-tr--1 r•*1••* A,6-.«5- p
Acceplince of tlie Offs will involve die dispos,1 by Fi of yum Alliert[m Shates ficAu*alimt COT p=poex
Tlie disposil of Ather on Shmes witich me held on Wit»l accomt will glmenIty have CGTimpHcatiom. Sr h dbpoll w[It conitiblin a CGI Ivemi 6CGT par,„„-
The clite afd*wal for COT pulpoE= wm be de di #18 =118* to dispow offhe All¥slonSl res ig Rnmd.
Ifan Af ton Sharetioldm ck]cs IM* dispose oftlidr Atherton Shams UI 1110 Ofh ind tizirAll=ton Si es are compol,ofily acquired in acoordanc© with Part 6Al ofth© C(*pciatimsAct fboge Af ton Shire&x,kim will also be tremted = having disposed af t ir AilritonShares for COT Frpos©a. The dato of dhposal for COT Wrpoics will be the dals witemA,Etns bec=,1,be oflin A ]erto,1 51]=Ii
A-9*814®11 re*l#.* Aflieert- r , .*,,'2· - Imy mak a o«pi:nl g»in or caphl 10= on f di*poil of their All=*1 Shmts under tho Ofh
CapiEal g»it= Ind Hpiml lanes ofa 1,)(p,F in a yvir of inoome Im agmes-d 10 d=minewhether ther© is a net cepi 1 glin- ff so, Riei mt capilll glin is inall*d in assemble incomeand is mibject to income En HD„ever. a 'CGT dis==ir Inay be available to mince the netcapital gain 81 certain Alt tm Sharrlic,kin (See BIrthu below).
29
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7.6.1
7.61
7.63
No. 0323 P. 37
wia AS[Cs writtit c(listilt =id subjoct to tbo conditions (If Iny) Fectf d inmochooment
wiwie a Pie ibed Ocour,cocc oocm, if .t fk= ti,rw of b PreecTw09©1,111„04 A=lit vodng pow, in Ali=ton is at or below 50%; or
upon occurreme of an Insolvm y Evoid in relation to Alitertcm (regizdless ofAIiati Fudng poi. in A,1,0,90=1
and othcrwiso in =,0 ,1,1,00 Wifil the COEp latki Act
7.7 Ath=*om Optioi
Anmts may, Bubject to a:Ky eolisent req ed by die ASX Lialing Rilles or a 1,<iver of Ed
, ,1,™1#hs Al'.,ton Of(iom to effect 80 ... T r. , of tbe Aihertott Of*ions h thepayinent ofa cencellition fee. Any =11 , , „ „40" 4 ,/01 comply wiat the COEpors:ion, Aot=1dio ASX Li*iI]g Ri,lea.
If ti Ali//ton (,ptki t */8 not cancelled Lirmant ki ti · / . . ,,., , ref rw i tj above,Atictas may, if ef*itled to ck, 4 offeT to an holdes of Al=mit Ot*lems inaccordanee will Part 6Al ofti» Ce*p(*18ons Act Rehto Section 5.33 fir fIrt Mtins.
7.8 Aaerial Comvelt[» N*=
Allents may Beek *0 emts inln pivt , ,_-„ -, r. v/iA die holdets of t'.3 AihcttonCoowstible Nalm 1n IMUits ti» Athet# Con,0,#1*e Notm- Any = h , „ _ . „ . „i willcomply with the Co!p,1aticm, Act Ind nie ASX Li ing Rnlm.
If 818 Al *m Con,trtible Not= are Mt Equid plitmant to the , „6.1 1. 'A reaced vabove, Auctus mly, if =Ititled 1n do 30, 05= m burout an holders of the AiI,i,rtrmCcmectible Noms in accordsoce wifh Part GA.1 of b Caporitions Act Re& toSection 53.5 for hint)= dbili
73 A rtim reithi,Ii,Im R*kti
The Pe,0XII,ance Righti Plan Fovib *Ir 1118 accelers:,d vestirig Of 50% of all Aiherton- 7 ., .,·Righil in tlie evemi of a tabcover bid fbr Adifitxin is has bcoCII=
and the biddc, 1= a rete,mt intimt in 50% or more ofA#=ton Simts. TheAtberton Bod has a disc tion m vest all or put of * remaiming Af rtnit ' ..T, , " 11'.
Rig1113 in auch citcumgtancez-
Am*m mly aeek to ems inin prive , „ 2. " . 'A with the holdis of the Aai=liPerforms,1- Righil to cam:el the Al=¤1 Peribm=nce Righta. Any h , „ 0.- . ' . Willoctnply with the Pt:Rcmes© Righb Plan, Corpor ons Act and 1,8 ASX Lis ng RuleB.
If& Aiherton Palxmance Righh m not incelled pur==t to ti» , 6 11 , A r®f®,red mabovt, Auctnz may, if etI ed to do 64 ofns to an holdm of me Ailizinn
. T, :, „ - - Rigkis in acoorde- wifh hn GA,1 of b CO[por mt Act Bu toSectim 5.3.5 *r hirtli= detilit.
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7.12 AnC Med*S® *§0®® aid -,
No. 0323 P. 39
As at tbe d of this Bidchig S:mt=neat, Alawn. bIS IM]t obtained fria ASIC aztymodifioations to or =mE*i Aval the (k*po tic*ts Act to fhcilitzin the Ofh. ASIC haspublished variol= Tla= C*dt bstizir[Mlits liodding 6 modif ion, end c=mptions 16#apply goactally to all pcrs¢ms, ino uding A»ctil, in relatim to 80 - -' of (111* 6 of1110 Copi - Aol A]King Iniy mly an this'Ch= Ordu" rolid
7.13 Goveni g I.aw
The Offer and any contract that reailtE *om an Athet# Shmeitokies's acce *ance of theOm,r ar, gove ed bytiM, ]Ews ofW.u..„ AnstmEL
7.14 Otli, Mati,4% I*rmat;o
Th2n:Iodi „, · 1-, milmial 18 88 = g of a dcoision by a holam dAth,•tumRhmts whether or not to --1, the Ofh being , A , 6 - 11-* i Frn„n to Amtos andwhich ht, mit Bviowly been digologed to Atberton Sharcholden oths than as is coillinedeliewhen bi mis Biddsh Stmemetit
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8. Sep. 2015 15:26 DLA PIPER No. 0323 P. 40
AmSmmATION OF BIDDER'S STA 3 1:
710, Bidders Statommt is dated 18 Sop¢ombir 2015 ind v/= ap,oved p„,0,mt 10 8un=limous resoli,lion fised at a It *ing oftiM, Amil= Dircolijz
@pairmalWich--*P#WRephiB®ardochr/„,h=.m
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mZl-
C£LLIZl-
Zl-
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'ic itIllIH f t BHA l H =1-818 11- al H i 11 l i iH H0 4
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w - Demh=It Pon* Anctns Mi=mls LLC and ib inkidisr AeAucms Unit Tt# md t Manal¢mot* Unilbidcas;
"Aittms*In ," bi dn It»•ning ginm to 11]at t=m in Secticm 2.l;
"Amt= LLC" iMIS ti mmning givm * 11=f tlmn in Secticm 2.1;
"Ale¢m Mt„,cal, ILCM ha 80 mmning givemto ti tam in Sec*ion 11;
"Aact= Tritee" mean, Auctus M terals Nominee Pty IM ACN 602 3 15 0426
"Ame#= Uut Trid" hastheme=ning giwiltolhattelin ill Sectimill;
"18.I.*.Ii, Dly" Ii„- a day on whth 1-11. alB opem R* besiness in Perths Wesle.11Amtralia odic thin a S*I,dq, Sunday or publ klidg
"]holos" mems a person who is a sharo broker and a Participa* in CHESS;
"lNmbr A o »ceme t" It=ns mo =mom=mc¤t in =]di to 40 0& mah byMor,ns, s copy ofwhih ia ai#fliod as Ammum A;
"CK;r' has tho mcaning given to Bit tam in Secticm 6.1;
"CHESS" meana tic Clcazing Hot= Etcctiritic SU]*©gi*cr 8,*=n, witich Isovides h0100¢ron 12=Clm= hAn alia;
"CHZ%9 Hokilmg" mains a holding of Aacti Sbares on th© CHESS subt©gls# ofAllriton:
=a Sedion ofHds Bidd Sm==*
"CoitroZI, Par*W,mt" i & Brok ar ASX Settkinmt Partioipant who §8designal,d as ti» rl ,# 01,5, g , 2..", .R for Bilmes in a CHESS Holding in nil•nee withth© ASX Settkinemt Op=atingR*
"Co Peratio= Act" mcans the Cog,oro¢ion, Act 2001 (Ca);
"De * Ca)*tal" hie the meming givato(hat *im in Section 11;
"Demham h»da" meins Denhim Commodity Puton Fud VI LP and DemhmnComo=dity Part=, F=1 VI-A LP;
"FIRB" mans Uie Fcnign invest=mi Review Board;
"FS®*A Law" me=ts a hw ora /1 6,1 , 1 08=11- Ans:ralili
"Govet,m=t A,mer In©= ly go mmcnt or any 80*om=* Rialtive,, fiscal or judicial body, 5 -2.' 4, -,r „„i,„ .,r , allti=Ely, #ibumt, ageliq or
«1*yinany pit of*c rld;
"Gir' means Goods Ind Servic®8 Tax:
"H[N" meins holder Weilincadon nmnbs ismed by CHESS;
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'tiolieiey Evini '- any ofthe ewidined in accdi 652(0) ofthe Coip=,6=1A
"mEss" It ItS IRESS Limild ACN 060 313 359I
"illl, Spo ored Bilamr meam a holdi of Alhorton 50.•res on A#.mu., s erSpon,ored SnbE*gi/Si
Opegang Rules.dS 9 41 40 " haa 1110 0.,inhag sh'Il to tilit te[In tile AS]C SeteR,u,Id
"K•011' mean, Kagars Limined (in hquidix) ACN 001 911 583;
"Mamagemeit Uir,1,"lfhiri" haa the n,airing given to fnai 1 :rm in Section 11:
"Maxlmm Coild=dom" linnismining gi,=10 *Itmm in Secti=:42
™1.0.11 U..aiiree" has the,M•ning givem to 1hst Min in 2012 ®dit*.0 of the Aner.k.imiCod, Air Reporting ofExploration Resulta, M]neral Resources ind Ore Regerves;
'Marlin" means MM*Ens Fin=]cial Lint@ed (AHN 010669726 md AFS[. 235410);
"Min,gam" ==nsh{ung= PW Ltd (in uidatkm) ACN 101 738 096;
"Netrcrer hal #M,mming giV-* til[i k Secti[Il 33.2;
"Nel,crest JV Agrmlm=*'' bu t It=ling giVEm 10 AMi t=m in Scotion 3 3.24
"Of*er" means 40 016 to acquire Albertcm Shmes, which wm be mada martint byAuctus i detaikd hi fhis BWdks 1 6, ,r (and for dic avoidince of doubt iwludes edaff= mado to m iIMBvibd Athc:ton m=rcholds Bir=lant to =homr);
"Ofbr rn=.61„8*0*" m0- ASO.20 cash ibr evay Akhortom Sharci
"0 r Period" =49= tbe period dming fiick &, Ofs is open ** accel*mice: bdng thevrwg ., „ „ , . ,4 00 2 Octobc, 2015 and =ting at 4.00!In (AEST) 00 2 November 2015,unles =inndd or willidi,i,wzi;
'**ma e 4/ph" means #]e , 1 1 1 1 1 - r¥18 plan *Mroved by Ather#Rharml¥,1£6*s at di, Atheitc*18 ral Inoc'Ins on 31 July 2015;
"Participait" 1*s the Inembng gi*n to that term in 40 ASX St«lement Opetating Rul©Bi
"Praasibed 002„nnma" meins arly of the events detailed in section 65241) of theCOFOMENIAct
"Rele,=t liti,vit" bm Be meaning sivemto d•f tlmn in -£*m 9 off Coep tirm Act;
7*a" me=9 all accreditaticng, bemfib and rights Illiohing to Er .i• 5 fran Al*wrtrnShares direotly ir Wir ctly it or aftmr the Il, . 'll .- I, , r I)*28 (iI diI$ but not limifed toall dMdeEMis mid all right» to rective dividfil =1 b receive cs =lbsc ibe far ghares, skickunit:, not= ar O 1 mi diclared. paid. or ism»d byAl=¤0;
"SRN" neam accurityholdu refcm,De =Imbs is=d by CHESS;
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E E C E E E E EEEE M 9-
<N i f k i f fi it 0 1 1 1 'fi ti ·1 ! t fill 4[:iplillR" 6» Am :S I: Ii. i ir..
1 8 1 Dll 4 P 4 h'4§ 11 Ii", r
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9.2.13
No. 0323 P. 45
m ti* to be '. 1. 2 .1-, 88, mads of limitaticm, a=i wilm in oci ing anmmp]4 de not limit & meming of ae wcas t© which fhe c=mple relates toW emmple or enmples ofa *Ilihr ki=L
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A-*=m A -hobr"
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clls-,Im. -
' 'll *.Il
ASX IimiNE#chmlg© Caitm20 Btidg» StleetS>*hoy NSW 2000
18 SM=nbs 2015
DLA PIPER
4 ' 1:..'6.Il
S. Office
ASXANNOUN. 4 1 4
For imedi-Rele,00
No. 0323 P. 4711,UNU=1 1
Morgans gad
Amet= Chmazoeh'L®a o le...over trail on,immy,ka= 1 tho .pi 1 ofAthmll Rmoi,rem LImil d ACN 136 606 338
In =cord=® w rule 6.1.1 of the ASIC Mark©¢ 1*gril¥ R]]les (ASX M=&4 2010, MirginsFinmrial Limited (80 "Bidder's Brukzr") limiiuitces th 60 Bidder's Btoks wills on bebil ofAirlns ChiI ,0 PEy W ("Bidder"1 Faul to section 635 of Ux Cog,0,6-0 101 2001 (Ca)("Con»mti,- Aer) oms 1n upie an mulit d a Idge of $020 pe die ("OSIrhice"1 an ofae lly paid ordinary 81=Its h tito caD#,1 of Afhadon Rmource, Ld ACN 136 606 338C'Athertoip wilich in lismd fir * - -' ontlio ofGail li ofthe Ansualian Secmides Exchang,("ASI") tiv =id or wiII 91* *Adhs as a reR@lt of at© ME'.4 of dair optiona M
. dg* atq 81= dmig 11= 05= Pedod (= deflind be]ow) ("MI„re,m Sh, " and"Omr")
From the dato =1 8120 of this .1,'',1.-Il - and emding at ¢1080 ofbding 01 ASX on 2 November2015 (unless #30 05 18 wiadrewa or atinded in Ic,iribii- wilit 11,5 C,Ili,Bons Act), 80Bidd , Brok= (cm behalf ofthe Bidder) v/III acc¥ at tite Of!br Pth ©my Athcrbu Slize of!*redto tin Biddsh BIoks m,114 up to a maximT= of 279,691,386 Alt= in Slires (Ez all t Athcr©on Sharm cu=* on i=ue) pb miy uditiod Alietrot Sh,zes dich me iam»d *ming 40Oms Period.
Tea <*Omr
A, f Off is m on-mazicti bid, it is ikic(*,diticm l and paymeat of*tofC 11.
The hy fhatmE ofthe Offkr are:
• it is m e*ma,19411,1(*,id tioxil ofb of$0-20 p= Atirrtcm Share;
-. - : . r,=-. win be by wly
• 1bc Bidder's Brack will kee * Alheiton Shses ofkred to a on.a,aiti frcm kday ai ar06Ptice 1 81© conclusion of 168 Ofh P=ind
--I..4.*mulaq../....an40.1.0-22.W....MN...Tel,0m1 41 73 34IF.l411 7 131 013 , . , · i· ,M."010".PVSEL.215407 ARd..1/AS[gm. AP ... IP..."'R...R".0....lk...----/.4-- .---/.I.Ill---...../.,I.I.-/ --/-"-/--b-../".../ --
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No. 0323 P. 48
Morgans bli• 4 tho Offer Phx will mit be incro,sed dming Ae 01& Period in theIof & Buperior
prpomt
• 40 Ofb Pesiod =.y be emxle L
Acq,/,/i„ h=AnH»©
Buda im appointd the Bls's Broku to purnt:. all Allv,kin Rlvirm th*t **:* or v/iII *i*t f*Iiitoday ual[[ the w,icl[izi m of fle Offe, Period on im beliai Mi nimica Uins the omcial bding days('Trmdi•E Des") ofASX. Tlic Bidder:, Broks has becm instrix,tad to /urhw< it 11„ Ofl r Pr a.cvcay Ather# Share a£Gied fic =le ding 68 nading Days in the period Rom the date of thillilli ..... ' imtathe end of*I Oflhr Poriod subjeottobCopori Act
S®tal.....d mi.nqp
Paymmt *i Alzrton Shares sold to Bidds under the Omr will be mide on s T+3 18112=,mi b•El inioccocilince with the usnal ASX Settkine* Opsm:ing Rnles firASX Mding.
The Ofh wlli only becapable ofacceptmoe by Ather 2 - , .,, ' 2- ("Athertom -1 ' ," 9 1]ing tlnuitsh brakers whiCh Rze , ': e 2 ,·:, O[8=11**t * of ASX. All Alhston S cs to bepurchased hyBidi under the Offs will be chmed ogwn,irbet only during n•ling D,ys.
Any broisap ch=,d by 1Iok=t Ic,hig 0x Alizitiwi Shmeholden wi*ing to Bell th* AAerGLEShares wiII be die sole reip(mi]*116, off ge Afircton Sharritolcien
IMIN-pidod
The Bidat, Broks will s:mi in the Inm)/ an behalf of Biddor mid accept Afoorton Sherc, offeredb it ai die Ofic Plice nom *te dato of this .lili ..111 6 . ,1 .11r Howev< 68 Offs win be made dmingb period .,„,„-, .1, 20cmbs 2015 (being the fl[Maading day afbcrtho md of 14 days acr thoda of this announce•I=It) d ding 00 2 November 2015 ("01 r Per d") imlo= exte ed byBidder Frulm* to 810 Cuparitk- Act
Bidder re,ree' the light to wi¢ hw „, , ..:1. ' Offlis ii tile citcumst»acm permimed by, mi 11scoordame wifh, Part 6.7 ofthe CoipciationS AcC atqtin¥, befie 1!10 =1 of810 Ofh Period
BiHer'/ Stakmemt
hi accord,Ijac with section 635 of dio Colporatims Act a Bkider's Statement will bc acntd onAihorton an[1 k¥18 1 widl Moh ofthe ASX =1 ASIC blly. A copy of dle BMdis Stits™•rt will*100 be Mentto Alfhillnn '1, , : ,/r- bfdhrecr/1,1/lni yi,=t ofthooffatit:riod.
Ailiert,Ii NI",1,
11,0 Alheacm Shmts which Ire fi15 gakied ofthe Offcr ar, all kny paid anary al=xes in dis capitalofAti=tg which are on haue at the dam ofth© Bidder', Stito,!Mmi and moh 06= stires w*liah atei=ued bekie #10 =1 ofth© Of!6: Puiod- inedis:* bofin making dis . , , „ . „-,r
• in 30 ir 88 Bidder is nve, ene are 279,691,386 Albertom Shi= I iSSUS, a n OfWiliCh Itqu*cd- ASX;
1*,129 123 E* INI0,•b.,. a D 4000 1 Fo B.=m.i,.m QLD 4001 Al.-T*p 41 7 383441 Fic,Wl 41 7 *31 M."010£.99*a.215§57 AP »=11".0. AN.I.W./.F-IP-W--th'.
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DLA PIPER
- -IM..Mill
No. 0323 .P. 49.16 UmE.H .
Morgans gaMB
• moo of BiduS dinctots na* th©ir controlled dia- hold aily hitme,13 in Atbertm=Inilics.
Sipedh and on bet=kfofMiwgins PiI=ncial Iimi ed
John PolineI]iDircdor, Co,pirain Advi=y
LM 22 in E•* Gliei BilibiI OW MOO I GPO Bi t 202 NiININ OLD 4M1 AtilikThpl= 4173844 F,=I,**817,13,m=§ ., ,·, .-·.Amm010631107 AIBLUS<07 AP*Od*ilinm.p APaliIMP liefbaRii/Plil,Aild,balkidi,l
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