Gandel Metals Pty Ltd - Compulsory acquisition of shares in Alliance Resources Limited

Gandel Metals Pty Ltd (Gandel Metals) refers to its off-market takeover bid for all of the ordinary shares in Alliance Resources Limited (Alliance Resources) made pursuant to the bidder's statement dated 4 April 2022.

It was noted in the announcement published on the ASX Limited on 6 July 2022 that Gandel Metals will now exercise its rights to compulsorily acquire the outstanding shares in Alliance Resources under the Corporations Act 2001 (Cth) (Act) on the same terms as the Offer.

An ASIC Form 6021 (Notice of Compulsory acquisition following takeover bid) (Notice) was lodged with ASIC today and will be dispatched to all Alliance Resources shareholders who did not accept the Offer. A copy of the Notice and a sample letter being sent to the Alliance Resources shareholders are enclosed by way of service under section 661B(1)(d) of the Act. In accordance with ASX Listing Rule 17.4, Gandel Metals notes that the Alliance Resources shares will be suspended five days after the ASX receives a copy of the Notice.

Contact:

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Web: www.gandelmetals.com.au

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