BRIEF-Genesis Minerals To Buy 100% Of Magnetic Resources

Reuters

02/16

Feb 16 (Reuters) - Genesis Minerals Ltd GMD.AX:

GENESIS TO BUY 100% OF MAGNETIC RESOURCES
MAGNETIC SHAREHOLDERS TO RECEIVE A$1.40 CASH AND 0.0873 NEW FULLY PAID ORDINARY SHARES IN GENESIS
DEALS IMPLIES FULLY DILUTED EQUITY VALUE OF A$639 MILLION
DEAL FOR FULLY DILUTED EQUITY VALUE OF A$639 MILLION
MAGNETIC BOARD UNANIMOUSLY RECOMMENDS MAGNETIC SHAREHOLDERS VOTE IN FAVOUR OF SCHEME

Further company coverage: GMD.AX

((Reuters.Briefs@thomsonreuters.com;))

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