Just posted on COMMSECRUM JUNGLE RESOURCES LTD (RUM) PASSES 90%...

Just posted on COMMSEC



RUM JUNGLE RESOURCES LTD (RUM) PASSES 90% ACCEPTANCE LEVEL IN TAKEOVER OF CENTRAL AUSTRALIAN PHOSPHATE LTD (CEN)
Rum Jungle Resources Ltd (Rum Jungle Resources) is pleased to announce that it has received acceptances in respect of 90.347% of Central Australian Phosphate Limited's (Central Australian Phosphate) issued shares, under its off-market takeover bid for Central Australian Phosphate (the Offer).
Rum Jungle Resources intends to proceed to compulsorily acquire all of the outstanding shares in Central Australian Phosphate in accordance with the Corporations Act 2001 (Cth), as foreshadowed in its Bidder's Statement relating to the Offer.
The Offer is currently scheduled to close on 6 December 2013 and will not be extended.
On reaching this important milestone, the Managing Director, David Muller, commented as follows:
“the consolidation of the Ammaroo Phosphate Project has been a lengthy process. It started slowly in March and finished slowly, but the overall result has been an outstanding success, contributed to by many important players. I wish to thank all those who worked diligently and generously to assist Rum Jungle Resources Ltd achieve its ultimate goal.”
Bruce Arnold