Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

 Information  X 
Enter a valid email address

Golden Prospect PLC (AMBR)

  Print      Mail a friend

Friday 20 December, 2002

Golden Prospect PLC

Merger of associate company

Golden Prospect PLC
20 December 2002

                             GOLDEN PROSPECT PLC

Golden Prospect announces that its circa 40 pc controlled associate, Geographe
Resources Limited quoted on the ASX is merging with Reliance Mining Limited.

Reliance Mining is the product of a recent 5 executives management spin out from
WMC Resources Limited (WMC), one of Australia's leading resources groups.
Reliance has an excellent portfolio of projects in Australia and overseas as
well as strategic alliances with WMC through which Reliance has an ongoing
pipeline of mineral projects.

It has targeted prospects with potential to host major gold and bare metal

Malcolm Burne, Golden Prospect Chairman stated 'I consider this is the most
exciting and potentially rewarding of deals among our strategic portfolio of
investee quoted mining companies.'

The formal Announcement made to the Australia Stock Exchange by Geographe which
details the terms of the merger is set out below:


Geographe Resources Limited announces that it has entered into a Heads of
Agreement with Reliance Mining Limited pursuant to which it will make an offer
to acquire all of the shares in Reliance. Under the Heads of Agreement, Reliance
has agreed to recommend to all Reliance shareholders the acceptance of
Geographe's offer.

About Reliance

Reliance is an unlisted public company recently established by former senior
executives of WMC Resources Limited to pursue world class gold and base metal
projects.  Reliance has  a portfolio of projects in Australia and in Peru.  It
has signed a strategic alliance with WMC which provides Reliance with a source
of future mineral exploration projects.

The Reliance management team combines over 100 years of experience in major
mining companies with skills in geoscience, mining and finance.  The team, all
of whom are shareholders in Reliance, until recently held the following senior
positions in WMC:

•         Dr. Stephen Twyerould, former Head, Geology & Exploration - Gold

•         Paul Chapman, former Commercial Manager - Nickel & Gold,

•         Brian Kennedy, former General Manager, Mt Keith and Kambalda,

•         Tim Craske, former Principal Project Generation Geologist -
          Exploration Division,

•         Craig Reddell, former Exploration Manager - Nickel & Gold,

They are joined in Reliance by directors Robert Pett and Denis Rakich who have
had extensive experience in the resource sector.

Reliance has already obtained exploration projects in Peru through its strategic
alliance with WMC and is currently negotiating further projects within Australia
from WMC.

The Acquisition

Geographe intends to make a takeover bid for all the issued capital of Reliance
on the basis of one Geographe ordinary share for each Reliance ordinary share
and one Geographe preference share for each Reliance preference share.

The Heads of Agreement signed today sets out details of the bid  and of the
agreement which has been reached with Reliance's board of directors to recommend
the bid to its shareholders. Geographe's obligation to make the offer is subject
to it being satisfied with the results of a due diligence review of Reliance and
its assets and liabilities within the next 14 business days.

The offer will be subject to a number of conditions, including a minimum
acceptance condition, the consolidation of Geographe's share capital on a 1 for
2.8 basis, and a condition that no material adverse change occurs in Reliance's
financial position during the currency of the offer. A Bidder's Statement
containing the takeover bid will be issued to Reliance shareholders following
successful completion of the due diligence.

After completion of the due diligence, a notice convening a  general meeting of
Geographe shareholders will be issued to seek shareholders' approval for the
consolidation of the company's share capital, the change of its name to Reliance
Mining Limited, changes to Geographe's constitution necessary to enable the bid
to proceed and the appointment of new directors. The meeting will consider
appointment as directors of Geographe, five persons nominated by Reliance. Two
of the three present Geographe directors (Michael Hunt and Neil Maclachlan) will
retire. Malcolm Burne will remain on the board as representative of Golden
Prospect plc, Geographe's biggest shareholder.

Effect of the Transaction on Geographe

The effect of the transaction on Geographe's capital structure and a statement
of Geographe's pro forma financial position after the acquisition of Reliance is
shown in the statements attached.


The acquisition of Reliance represents a significant opportunity within the
resource sector for Geographe and its shareholders to capitalise on the
experience and skills of the Reliance management team and the potential of that
company's portfolio of gold and base metal projects.

Geographe directors are of the view that the acquisition of Reliance will
provide the opportunity to enhance shareholder value which they have been
actively seeking for some years.

Further Information

Further details will be provided to shareholders in the information included in
the Notice convening the shareholders' meeting.'


M A Burne
Chairman, Golden Prospect PLC
20 December 2002

Tel:     (Office)          020 7409 3500

         (Mobile)          07710 411960

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

a d v e r t i s e m e n t