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Stanmore Coal announces expiry of Golden Investments takeover offer

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World Coal,

Stanmore Coal Ltd (Stanmore) has confirmed that the unsolicited off-market takeover offer from Golden Investments (Australia) Pte Ltd has now expired.

After the expiry of the offer, Stanmore has been informed that Golden Investments Limited has a relevant interest in 25.47% of Stanmore’s shares on issue. This includes the 19.9% of the shares on issue acquired by a related entity of Golden Investments from Greatgroup immediately prior to the offer.

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Australia coal news