NIP 0.00% 38.5¢ niplats australia limited

Extract from the CFE bidder statement for COV....NIP has stayed...

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    Extract from the CFE bidder statement for COV....NIP has stayed with Copperco in it's entirety

    Prior to the completion of the acquisition of the Lady Annie Assets and the
    Mineral Securities Acquisition, a restructure was undertaken to ensure that Cape
    Lambert acquired a relevant interest in no more than 20% of any ASX listed
    company (Restructure). Pursuant to this Restructure, the shareholding in each of
    Corvette, Buka Gold, and Tianshan held by Mineral Securities (or entities
    controlled by Mineral Securities) exceeding 19.99% (Excess Shares) was sold to
    CopperCo or an entity controlled by CopperCo (CopperCo Controlled Entity).
    The whole of the shareholding in NiPlats is held by the CopperCo Controlled
    Entity. CopperCo and the CopperCo Controlled Entity remain in receivership.
    Pursuant to the terms of the Restructure, Cape Lambert will receive the benefit
    of any consideration ultimately obtained for the Excess Shares and NiPlats Shares
    by the receiver of CopperCo and the CopperCo Controlled Entity. The
    CopperCo Controlled Entity was not acquired by Cape Lambert MinSec
    pursuant to the Mineral Securities Acquisition and will remain a wholly owned
    subsidiary of CopperCo and an entity not associated, controlled by or related to
    Cape Lambert
 
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Currently unlisted public company.

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