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Hannans Reward Announces Support for Atlas Iron and Warwick Merger
Wednesday November 4, 2009, 8:24 am

Original Announcement: Hannans - Support for Atlas Iron and Warwick Merger

Hannans Reward announced it has developed a suite of prospective exploration projects within Australia covering nickel, gold and manganese. The Company has JV's with Vale, Kagara, St Barbara and Triton Gold. Hannans is the second largest shareholder in Warwick Resources and holds equity in Atlas Iron. The Company reported an Independent Expert concluded that the merger is in the best interest of Warwick shareholders; on completion of merger, the Company is to become 8th largest shareholder of Atlas Iron holding 8.13m shares representing 1.84% of the merged group; the Company shareholding is valued at $14m (based on AGO share price of $1.73); and Hannans (through its wholly owned subsidiary HR Equities) will vote for approval of the Scheme of Arrangement on 30 November 2009.

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