GPN Gladstone Pac

 

TIDMGPN 
 
RNS Number : 5321V 
Gladstone Pacific Nickel Limited 
03 November 2010 
 

 
 
 
3 November 2010 
                        GLADSTONE PACIFIC NICKEL LIMITED 
                                (ACN 104 261 887) 
 
     Takeover offer from QNI Resources - application to the Takeovers Panel 
              (Australia) - Panel declines to conduct proceedings 
Gladstone Pacific Nickel Limited ("GPNL") announces that on 3 November 2010, the 
Takeovers Panel in Australia announced that it had declined to conduct 
proceedings in relation to the application by RAB Special Situations (Master) 
Fund Limited alleging that unacceptable circumstances had arisen in relation to 
the takeover offer for GPNL by QNI Resources Pty Ltd. 
 
Attached is a link to the Takeovers Panel's media release in relation to its 
decision 
http://www.takeovers.gov.au/content/DisplayDoc.aspx?doc=media_releases/2010/064 
htm&pageID=&Year=.  As a result, the interim order made by the Takeovers Panel 
preventing QNI Resources from processing acceptances of the offer or paying 
consideration has been lifted. 
ENDS 
For more information or comment 
Julien McInally - Gladstone Pacific Nickel Ltd    Tel: +61(0)7 3231 7100 
 
 
Email: info@gladstonepacific.com.au 
Gladstone Pacific Nickel Limited is an Australian mining development company 
presently undertaking an Integrated Definitive Feasibility Study for the 
Gladstone Nickel Project. The Company's vision is to build a major long-life 
nickel cobalt refinery at the deepwater Port of Gladstone, in Central 
Queensland, Australia, treating abundant high grade nickel laterite ores from 
New Caledonia and other south-west Pacific islands, underpinned by beneficiated 
ores from its own Marlborough deposits. The Project has the potential to be one 
of the largest of its type in the world producing some 126,000 tpa nickel (8 - 
10% of global nickel demand) and 10,400 tpa of cobalt metal from its first two 
stages. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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