LONDON--DMCI Holdings Inc, said Wednesday that the Offer for
Toledo Mining Corporation PLC's (TMC.LN) shares, remain open for
acceptance until 1200 GMT on April 30.
MAIN FACTS:
-DMCI Mining now owns or has received valid acceptances in
respect of a total of 32,826,215 Toledo Shares, representing 65.9%
of the existing issued share capital of Toledo.
-On Feb. 15, DMCI Mining Corporation, a subsidiary of DMCI
Holdings, increased its stake in Toledo to 37.7%. As a result, DMCI
Mining confirmed that it would make a cash offer to acquire the
entire issued and to be issued share capital of Toledo not already
owned by DMCI Group.
-On March 19, the Toledo Independent Directors announced that
they had unanimously recommended that Toledo Shareholders accept
the Offer.
-The Offer was declared wholly unconditional on April 2 and the
closing date was extended to 1200 GMT on April 16.
-Write to Razak Musah Baba at razak.baba@dowjones.com
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