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Azimuth Resources - Update on Troy Takeover Offer

Troy Resources Limited (TRY.TO) in a letter to shareholders of Azimuth Resources Limited (AZH.TO) as at the close of business on June 6, 2013, acceptances of Troy's takeover offer stood at 37.99%, comprising direct acceptances and shares lodged into the Institutional Acceptance Facility. This includes those shares held by Azimuth's largest shareholder, Macquarie Metals and Energy Capital, which have been lodged into the Institutional Acceptance Facility. "Whilst it is pleasing to have received the support we have to date, the Offer remains subject to a minimum acceptance condition of 90% and, for this reason, Troy has today extended the Offer for a further two weeks." AZH is shy of a year high 37 cents. Troy dropped 2.5% Thursday.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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