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Sylvania Resources Announces the Termination of Merger Implementation Agreement with Ruukki Group
Friday October 23, 2009, 5:13 pm

Original Announcement: Termination of Merger Implementation Agreement

Sylvania Resources reported that in relation to Sylvania Resources and Ruukki Group entered into a merger implementation agreement pursuant to which Ruukki would acquire, subject to satisfaction of certain conditions, all of the issued and to be issued share capital of Sylvania under an Australian law governed scheme of arrangement between Sylvania and its shareholders, Sylvania advised that the Merger Implementation Agreement has been terminated by mutual agreement and the Sylvania Scheme will not proceed. There is no break fee payable by either party in respect of termination of the Merger Implementation Agreement and each party will bear its own costs associated with the Sylvania Scheme.

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