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Tango
Mining Pte. Ltd. ("Tango"), the Special Purpose
Vehicle owned by PT Antam Tbk ("Antam") (ASX:ATM,
IDX:ANTM) and Shenzhen Zhongjin Lingnan Nonfemet Co.
Ltd. ("Zhongjin"), formed for the takeover of Herald
Resources Limited ("Herald"), welcomes the approval
of Antam’s shareholders for Tango’s recommended
$2.50 per share cash Offer for Herald Resources
("Offer").
Antam
shareholders approved the Offer in a general meeting
of shareholders as required by applicable Indonesian
securities laws and Antam’s articles of association.
Tango
also notes that approval from the Ministry of
Commerce ("MoC") and the State Administration of
Foreign Exchange ("SAFE") of the People’s Republic
of China has been granted in relation to Zhongjin’s
involvement in the Offer.
Further public authority approvals
required are limited to Australian Foreign
Investment Review Board ("FIRB") approval.
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