PERTH, Australia, May 17, 2013 /CNW/ - Azimuth Resources Limited (ABN 87 089 531 082) (Azimuth) (ASX, TSX: AZH) hereby advises, further to Section 6.16 of the Target's Statement lodged on 9 May 2013, that ASX Limited ("ASX") has granted Azimuth a waiver from listing rule 6.23.2 to the extent necessary to permit Azimuth to cancel 15,822,581 unquoted options on issue for consideration without shareholder approval subject to the following conditions: 1. The off market takeover bid from Troy Resources Ltd ("Troy") for all Azimuth's shares being declared unconditional. 2. Troy and its associates obtain voting power of at least 50.1% in Azimuth. Yours faithfully, Russell Clark Chief Executive Officer Shareholders: Russell Clark Chief Executive Officer Tel: +61 8 9381 2488 firstname.lastname@example.org Media: Bill Kemmery Fortbridge Consulting Pty Ltd Tel: +61 2 9003 0499 Tel: +61 400 122 449 email@example.com www.azimuthresources.com.au SOURCE: Azimuth Resources To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/May2013/16/c7998.html CO: Azimuth Resources NI: MNG -0- May/17/2013 02:26 GMT
ASX listing rule 6.23.2 waiver granted by ASX
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