Equinox Minerals Limited announced that it has a relevant interest in Citadel Resource Group Limited of 56% and that its recommended takeover offer for Citadel has been declared free of all defeating conditions.
Equinox has given written notice to Computershare Investor Services Pty Ltd, the acceptance facility operator, confirming that Equinox has declared the Offer free from all defeating conditions.

Citadel shareholders who have already submitted valid acceptances will receive their consideration under the Offer within seven business days.1 Citadel shareholders who accept the Offer between now and the end of the offer period will receive their consideration within seven business days of their acceptance being received.1

Mr Craig Williams president & CEO of Equinox said that “We are very pleased with the strong level of support already received from Citadel shareholders for the offer. We encourage those Citadel shareholders who have not yet done so to accept our offer as soon as possible.”

The Offer remains open for acceptance by Citadel shareholders until the end of the Offer period, which is currently scheduled to close at 4pm on December 30th 2010. Acceptances must be received in accordance with the terms and conditions of the Offer, as set out in Equinox’s Bidder’s Statement dated November 8th 2010. The acceptance facility announced by Equinox on December 3rd 2010 is now closed.