HOME PROJECTS DIRECTORS ANNOUNCEMENTS INVESTORS ENVIRONMENT WHAT'S HAPPENING

latest news...

Hannans:Extension of Off-Market Takeover Offer Period

Hannans Reward Limited (Hannans) has today announced that it holds a relevant interest of c.92.9% in Scandinavian Resources Ltd (SCR) under its off-market takeover offer for all of the ordinary shares in SCR (Offer).

As outlined in Hannans Bidder's Statement dated 20 March 2012, Hannans intends to proceed with compulsory acquisition given it holds a relevant interest of at least 90% of the issued shares in SCR.

Hannans will provide an opportunity to all remaining SCR Shareholders to accept the Offer by extending the Offer close date to 28 May 2012.

---

Hannans - Takeover Offer for SCR declared unconditional

Hannans Reward Limited (Hannans) has today announced that it has declared its off-market takeover offer for all of the ordinary shares in Scandinavian Resources Ltd (SCR)free from all defeating conditions. Accordingly, the takeover offer is now unconditional.

Hannans’ offer is expected to close at 5.00pm (Perth time) on 18 May 2012. Accordingly,Hannans urges all SCR shareholders who have not yet accepted the offer to accept as soon as possible.

---

SCR: ScanRes - Supplementary Target Statement

This document consists of:

• EXTENSION OF OFFER PERIOD
• EXERCISE OF SCANDINAVIAN RESOURCES OPTIONS

---

3rd Quarter Activities Report

---

Extension of Off-Market Takeover Offer Period

Hannans Reward Limited (ACN 099 862 129) (Hannans) has today announced that it has extended its off-market takeover offer for all of the ordinary shares that it does not already own in Scandinavian Resources Ltd (ACN 132 035 842) (SCR) so that the offer will now close at 5.00pm (Perth time) on 18 May 2012.

A copy of the formal notice of variation, together with an accompanying letter to be sent to SCR shareholders, is attached.
 

---

Hannans-Bidders Statement Dispatched to SCR Shareholders

Hannans Reward Ltd (HNR) advises that today it has sent its bidders statement to Scandinavian Resources Ltd (SCR) shareholders in relation to the Offer for all the ordinary shares in SCR.

The Offer is dated 3 April 2012 and closes at 5.00pm (Perth time) on 4 May 2012, unless extended or withdrawn.

---

Hannans Bidders Statement for Scandinavian Resources Ltd

We attach, by way of service pursuant to section 633(1) item 5 of the Corporations Act 2001 (Cth) (Corporations Act), a copy of Hannans Reward Ltd’s bidder’s statement in relation to its off-market takeover offer for all the outstanding fully paid ordinary shares in Scandinavian Resources Ltd (SCR).

The bidder’s statement has been lodged with the Australian Securities and Investments Commission and has been served on Scandinavian Resources Ltd.

---

Hannans Takeover offer supported by Scandinavian Resources shareholders

---

Financial Report for the Half Year ended 31 December 2011

---

Letter to HNR Shareholders

On 29 February 2012, Hannans Reward announced a proposal to acquire all of the outstanding shares in Scandinavian Resources by way of an off-market takeover bid.

Read more

---