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Close of offer for PML/proceeding to compulsory acquisition

Document date:  Tue 16 Oct 2001
Published:  Tue 16 Oct 2001 00:00:00
Document No:  203570
Document part:  A
Market Flag:  Y
Classification: 

PACMIN MINING CORPORATION LIMITED             2001-10-16  ASX-SIGNAL-G

HOMEX - Perth                                                         

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Sons of Gwalia's takeover offer for all of the fully paid ordinary
shares (Ordinary Shares) in PacMin Mining Corporation Limited
(PacMin) closed at 7.00 pm Western Australian time on Monday 15
October 2001.

At the close of the offers, Sons of Gwalia had received acceptance in
respect of 130,433,940 Ordinary Shares and therefore has a relevant
interest in 98.9% of the Ordinary Shares.

Sons of Gwalia intends to compulsorily acquire the remaining Ordinary
Shares under section 661A(1) of the Corporations Act.

S Pearce
COMPANY SECRETARY

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