Australian
Intrepid/Blackthorn
Intrepid share buyback and acquisition of Blackthorn
(SEDAR filing: 23 October 2014) Notice of Meeting of Intrepid Mines Limited ("Intrepid") for share buyback and merger with Blackthorn Resources Limited ("Blackthorn") (2752 K).
Overview
In order to give its shareholders a choice between being cashed out and participating in a Zambian copper development property, ASX-listed Intrepid will offer to purchase its ordinary shares for cancellation (subject to an aggregate cap of 2/3 of its cash), with the non-tendering shareholders remaining as shareholders of a company which will acquire all the shares of another listed Australian company (Blackthorn) under an Australian scheme of arrangement in consideration for Intrepid shares. The Australian tax disclosure is subject to a ruling which will not be granted (if at all) until after the results of the share buyback offer are known.
See detailed summary under Spin-offs & Distributions - Foreign distributions - Share repurchases.
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Public Transactions - Spin-Offs & Distributions - Foreign distributions - Share repurchases | Intrepid share buyback and acquisition of Blackthorn | 621 |