Mineralogy announces market purchase of Waratah Coal Inc. common sharesadmin
Mineralogy Pty Ltd. announces that on October 28, 2008 it purchased, in the normal course through the facilities of the TSX Venture Exchange, 6,300 common shares of Waratah Coal Inc. at a price of $1.1976. Mineralogy has now purchased a total of 20,300 common shares of Waratah (representing approximately 0.04% of the issued and outstanding common shares) at an average price of $1.34 since its take-over bid for Waratah was commenced on October 3, 2008. Together with the 10,734,200 common shares owned by Mineralogy as of the date of the launch of its take-over bid, Mineralogy now owns 10,754,500 common shares of Waratah (representing approximately 19.08% of the issued and outstanding common shares).
Mineralogy’s intention to make market purchases during the currency of its take-over bid for Waratah was disclosed in its formal offer and take-over bid circular dated October 3, 2008 (available without charge through the internet at www.sedar.com).
Mineralogy is a privately-held Australian resource company controlled by Professor Clive Palmer that is engaged in the exploration and development of mineral resources. Mineralogy has extensive experience in implementing large-scale resource development projects in Australia. For more information about Mineralogy, visit the company’s website at www.mineralogy.com.au.