Welcome to Indophil Resources
Indophil Resources has been delisted from the Australian Securities Exchange (ASX). In late January 2015, Indophil became a wholly-owned subsidiary of Alsons Prime Investments Corporation. On 30 June 2016, the Company changed from a public to a proprietary company limited by shares - Indophil Resources Pty Ltd.
The Company's key asset is a strategic 37.5% interest in the world-class Tampakan Copper-Gold Project in the southern Philippines, in which global mining house Glencore plc holds a 62.5% interest. The project is held under a contract to the Philippine Government.
The Tampakan Project has a global resource of 2.94 billion tonnes, containing 15 million tonnes of copper and 17.9 million ounces of gold at a 0.2% copper cut-off grade. The Tampakan Project is one of the world's largest undeveloped large-scale, long-life copper and gold deposits.
Indophil Resources is an Australian public company that was delisted from the Australian Securities Exchange on 30 January 2015. Indophil is now a wholly-owned subsidiary of APIC, a Philippines-based entity.
For the latest announcement concerning Indophil, click here.
For an insight into Indophil's history, please visit our History page under Corporate.
For access to the detailed Scheme Booklet related to the delisting of Indophil, click here.
For a copy of an overview presentation of Indophil, SMI and Tampakan prepared at the time of completion of the Scheme of Arrangement, click here.
For any shareholder queries, please refer to the details on the Contact Us page.
ALSONS OFFER FOR INDOPHIL
On 23 September 2014, Indophil's Independent Directors announced that the Company had received an all-cash offer from Alsons Prime Investments Corporation (APIC), under which APIC proposed to acquire all of the issued shares of Indophil not already owned by APIC under a Scheme of Arrangement.
Indophil announced that the Scheme of Arrangement with APIC had been implemented on 23 January 2015 and the shares of the Company were subsequently transferred to APIC. The Record Date to determine entitlements to receive the Scheme Consideration was 20 January and on 28 January, 2015, payment of the Scheme Consideration was made to all shareholders on the share register as at the Record Date.
On 30 January 2015, Indophil was removed from the Official List by ASX at the close of trading.
Full details of the APIC Scheme can be found on the Scheme of Arrangement page under Investor Information.