West African iron ore explorer and developer, DMC Mining Limited advised Shareholders that it has today received notice from Cape Lambert Resources Limited that Cape Lambert has increased the consideration payable under its unconditional cash offer from USD 0.50 to USD 0.53 per DMC Share.

The DMC Board of Directors recommends that Shareholders TAKE NO ACTION until such time as the DMC Directors have had an opportunity to consider the Revised Cape Lambert Offer in light of the competing off-market, conditional takeover offer from Meijin Energy Group Limited.

The DMC Directors will provide Shareholders with a recommended course of action shortly.