LIONORE MINING INTERNATIONAL LTD - Further re Offer by Norilsk.

PR Newswire UK Disclose, May, 2007

 
LIONORE 
 
TSX: LIM 
 
LSE: LOR 
 
ASX: LIM 
 
BSE: LIONORE 
 
Press Release 
 
LionOre Determines Increased Norilsk Nickel Offer of Cdn$27.50 in Cash Per 
Share To Be a Superior Proposal 
 
Toronto, Ontario: May 24, 2007 - LionOre Mining International Ltd. (TSX/ASX: 
LIM, LSE: LOR, BSE: LIONORE) ("LionOre") today responded to the increased offer 
by OJSC MMC Norilsk Nickel to acquire all of the issued and outstanding common 
shares of LionOre at a price of Cdn$27.50 in cash per common share. 
 
LionOre's Board of Directors has reviewed the increased Norilsk Nickel offer in 
consultation with its financial and legal advisors and in the context of its 
obligations under its existing Support Agreement with Xstrata plc dated March 
25, 2007, as amended. The Support Agreement was...

            
        
    
    	    
                
                
	

		

					 
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