AZA anzon australia limited

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  1. 2 Posts.
    Anzon Energy Limited
    30 August 2007

    ANZON ENERGY LIMITED (CODE: AEL)

    30 August 2007

    ANZON AUSTRALIA LIMITED (AZA)
    RECEIVES APPROACHES FROM INTERESTED PARTIES

    AEL refers to the ASX announcement by AZA on 27 August 2007, where AZA advised
    that it has received a number of approaches from parties which could lead to an
    offer or proposal being put to AZA shareholders.

    AEL is AZA's controlling shareholder and has a 53% equity interest in AZA. AEL
    wishes to advise that it currently has no intention to make an offer for the
    minority 47% interest in AZA at this time. Furthermore, AEL has resolved to
    assist AZA in the evaluation of approaches to AZA and appropriate strategies in
    respect thereto, in order to maximise returns to all shareholders.

    In this regard, AEL has appointed Macquarie Bank Limited and Corrs Chambers
    Westgarth as its advisors in Sydney.

 
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