deListed Australia
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NIUGINI MINING LIMITED (ASX.NML)

ASX Announcements (courtesy of ASX)

199819992000

ASX, Legal & CGT Status
Former (or subsequent) names
CompanyFROMTO
NIUGINI MINING LIMITED21/11/1982
KEREMA MINING LIMITED12/12/198021/11/1982
KEREMA RUBBER LIMITED12/12/1980
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delisted at the request by the Company following the implementation of a Scheme of Arrangement to merge with Lihir Gold Limited

04/08/2000

we understand Lihir and Niugini merged by way of a Scheme of Arrangement with the final share exchange ratio determined as follows: Niugini Mining's Net Cash, as defined in the Merger Implementation Agreement, was US$54.617 million. Based on the agreed Lihir share price of A$1.45 per share (being the price at which Lihir made its private placement with institutions on 7 October 1999 when the merger was announced) and the applicable exchange rate of A$/US$ 0.6371, the consideration for Niugini Mining's Net Cash was 59.12 million Lihir shares - when added to the 1 for 1 consideration for Niugini Mining's holding of 161.53 million shares in Lihir, Lihir issued a total of 220.65 million shares to Niugini Mining shareholders - Niugini Mining had 117.57 million shares on issue and accordingly Lihir issued 1.8768 Lihir shares to Niugini Mining shareholders in exchange for each Niugini Mining share

04/08/2000

name changed from Kerema Mining Limited

21/11/1982
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