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Norilsk Nickel Announces Filing of Notice of Variation Increasing its Offer for LionOre Mining International Ltd to Cdn$27.50 per Share; Receives Australian Competition Clearance.

Publication: PR Newswire
Publication Date: 23-MAY-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
MOSCOW and TORONTO, May 23 /PRNewswire/ -- OJSC MMC Norilsk Nickel ("Norilsk Nickel" or the "Company") today announced that a Notice of Variation increasing Norilsk Nickel's all cash offer to acquire all of the issued and outstanding common shares of LionOre Mining International Ltd. ("LionOre") (Toronto Stock Exchange and Australian Securities Exchange symbol: "LIM"; London Stock Exchange symbol: "LOR"; Botswana Stock Exchange symbol: "LIONORE") to a price of Cdn$27.50 per common share was filed with Canadian securities regulators and will shortly be mailed to LionOre shareholders. Norilsk Nickel's offer will be open until 8:00pm (Toronto time) on Monday, June 18, 2007, unless extended or withdrawn.

Norilsk Nickel also announced today that it has received clearance from the Australian Competition and Consumer Commission (the "ACCC") confirming that it has no objection to Norilsk Nickel's all cash offer for LionOre. As previously announced, Norilsk Nickel received a...

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