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Polaris Metals Reports Mineral Resources Released Third Supplementary Bidder's Statement
Thursday November 5, 2009, 6:49 pm

Original Announcement: MIN: Third Supplementary Bidder`s Statement Polaris Metals

Polaris Metals reported that Mineral Resources has released its Third Supplementary Bidder's Statement in respect of the offers to acquire all of the ordinary shares and options in Polaris Metals, stating that MRL's offers were due to close at 5.00pm (WST/Perth time) on 9 November 2009. On 30 October 2009, MRL gave notice that it had extended the period of its offers by two weeks so that the offers will now close at 5.00pm (WST/Perth time) on 25 November 2009 (unless further extended or withdrawn). The information in the Third Supplementary Bidder's Statement also include: change in Polaris Board recommendation; agreement with Reed Resources; intentions regarding Polaris' iron ore projects; share sale facility; premium figures in original Bidder's Statement; and correction.

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