7 March 2016
Dear Shareholder
World Titanium Resources Limited (ASX Code: WTR) refers to the announcement by African Minerals Exploration & Development Fund II SICAR SCA on 25 February 2016 (and subsequent First Supplementary Bidder's Statement) that the Offer price under its on-market cash takeover offer has been increased to 7 cents per Share and that in the absence of any superior offer from a third party will not be further increased.
The Directors of World Titanium recognises that the Offer price represents a very substantial premium to trading prices prior to announcing the Offer. The Directors also recognise that AMED Fund II as at the close of trading on 4 March 2016 holds an approximate 58.41% interest in World Titanium Shares and hence is in a position to control World Titanium.
-
the Offer price increasing to 7 cents per Share and being declared final by AMED Fund II (in the absence of a superior offer); and
- control of World Titanium now having passed to AMED Fund II,
You need to act promptly if you wish to take opportunity of selling your shares at 7 cents each during the Offer period.
Further details are set out in accompanying Supplementary Target's Statement.
If you need any more information you should seek independent advice or call World Titanium on (08) 9286 1219.
Yours sincerely
Nic Limb Chairman World Titanium Resources LimitedWorld Titanium Resources Limited ACN 120 723 426 Page 1 of 1 15 Lovegrove Close, Mount Claremont, Western Australia 6010
Tel: +61 (0)8 9286 1219 or +61 (0)8 9384 3284 Fax: +61 (0)8 9284 3801
www.worldtitaniumresources.com
World Titanium Resources Limited issued this content on 07 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 March 2016 00:45:14 UTC
Original Document: http://www.worldtitaniumresources.com/files/160307-2-Chairmans-letter-to-shareholders.pdf