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Sierra Rutile Ltd (SRX)

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Monday 03 October, 2011

Sierra Rutile Ltd

Initial Response to Revised Offer

RNS Number : 4471P
Sierra Rutile Limited
03 October 2011

Sierra Rutile Limited ("Sierra Rutile" or the "Company")

Initial Response to Revised Offer from Pala Minerals Limited

3 October 2011


The Independent Sub-Committee (the "Sub-Committee") of the Company's Board notes the revised offer (the "Revised Offer") for the Company's shares announced by Pala Minerals Limited this afternoon.
The Sub-Committee will review the terms of the Revised Offer in conjunction with its independent advisors and a further announcement will be made in due course.


For further information:

Sierra Rutile Limited

John Sisay, Chief Executive Officer

Telephone: +44 (0) 20 7321 0000



Collins Stewart Europe Limited (Financial Adviser)

John Prior/Adam Miller

Telephone: +44 (0) 20 7523 8350



Aura Financial


Michael Oke/Andy Mills

Telephone: +44 (0) 20 7321 0000












This information is provided by RNS
The company news service from the London Stock Exchange