🕐05.11.09 - 06:39 Uhr
Clarification on Centrex media release re FIRB APPROVAL FOR $271m China investment
NEWS EDITORS:
Following our distribution to you this morning of the Centrex media release re the FIRB clearance for $271m injection into Centrex by China based WISCO, the ASX has requested that the company clarifies the media release to enable compliance with Listing Rule Appendix 5A - The JORC Code.
In the announcement, the company made statements about the potential value of the business being between $500 million and $1 billion.
These statements included the "metal-in-ground" value of some of the companys projects.
The company has acknowledged that Clause 4 of the JORC Code does not allow the use of such values on the grounds that the statement does not "contain the relevant information which investors and their professional advisers would reasonably require, and reasonably expect to find in the report, for the purpose of making a reasoned and balanced judgement".
We therefore provide to you the attached media release which has the statements referred to above; removed.
Many thanks your understanding for needing to correct or delte these pars in any copy you may have or be filing.
Thereb are no other changes ot the main details forwarded today.
Kevin Skinner
Partner
FIELD PUBLIC RELATIONS
231 South Road
MILE END SA 5031
Tel: (08) 8234 9555
Fax: (08) 8234 9566
Mob: 0414 822 631
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