Tietto Minerals Ltd (ASX:TIE)’s Post

We wish to advise shareholders to 𝗧𝗔𝗞𝗘 𝗡𝗢 𝗔𝗖𝗧𝗜𝗢𝗡 regarding the revised unsolicited takeover offer received from Zhaojin Capital (Hong Kong) Limited. This includes the Revised Unsolicited Offer or any other documents that shareholders may receive from Zhaojin. Tietto's Board will evaluate Zhaojin’s Revised Unsolicited Offer and provide an updated recommendation to shareholders.   We note that the Revised Unsolicited Offer price of A$0.68 per Share remains below the valuation range of A$0.79 – A$0.93 per Share determined by Grant Thornton Corporate Finance Pty Ltd, the independent expert appointed to give an independent opinion on the Unsolicited Offer as part of our target’s statement dated 27 November 2023. The Tietto Board further notes that the spot gold price has increased materially since that valuation was conducted.   Read the full ASX Announcement here: https://bit.ly/3UeIAlw #TIE #Tietto #ASX #ASXnews

  • TAKE NO ACTION
in response to the revised takeover offer by
Zhaojin Capital (Hong Kong) Limited

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