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News > Conditions on Offer for Hamption Mining Ltd

We attach a notice in accordance with section 650F of the Corporations Act 2001 ("Act") stating that Metminco Limited ("Metminco") has today declared its Share Offer under its off-market takeover bid in relation to Hampton Mining Limited ("Hampton") unconditional by freeing the offer from all conditions as set out in section 12 of its Bidder's Statement dated 10 December 2008.

The offer periods for the offers for Hampton's March 09 options and April 09 options have previously closed, without acceptance of the offers.

Metminco previously obtained approval to proceed with the takeover offer to obtain a 'controlling interest' in Hampton (as defined in the Bidder's Statement). This announcement corrects the Company's 28 May 2009 announcement, that, "following a review by Directors and subject to shareholder approval and the requirements of the Australian Securities & Investments Commission and the ASX, Metminco Limited will make its offer for Hampton Mining Limited unconditional except for the ‘prescribed occurrences’. Specifically, Metminco proposes to waive the controlling interest condition, paragraph 12.2.1 of the Bidder’s Statement." and that a shareholder meeting was proposed for late June 2009 in the event that a controlling interest in Hampton Mining was not achieved prior to this date.

Metminco has received acceptances for 72,381,611 shares, or 34.8% of the issued capital of Hampton Mining Ltd. A controlling interest has not been achieved to date. Further acceptances may be received before closing of the offer.

Subsequent to the 28 May 2009 announcement, Metminco has sought advice about whether there is a requirement under the ASX Listing Rules to obtain further shareholder approval. As a result of advice that the ASX does not require further shareholder approval (as approval under the ASX Listing Rules has already been obtained at a scale greater than now being proposed), the Board has determined not to proceed with a further shareholder's meeting.

The Share Offer for Hampton Shares is due to close at 7.00 pm on Wednesday 8 July 2009.

Date: Wednesday 07 Jan 2009