Young Australian Mines Ltd MYMNF

RE:QMC acuisition

[Nazarbaz]

Moly Mines Limited proposes to make offers under a conditional off-market takeover bid for all QMC shares at A$0.17 per share
• The offer price represents a premium of 49.12% to the 30 trading day VWAP of A$0.114 per share as at 14 December 2017, the last trading day before the date of this announcement
• QMN directors unanimously recommend that QMN shareholders ACCEPT the Moly takeover bid, in the absence of a superior proposal
• Two major QMN shareholders have given undertakings to Moly to accept the takeover bid for, in aggregate, 59,223,240 QMN shares, or 20.0% of all QMN shares
• The all-cash takeover bid provides QMN shareholders who accept the takeover bid with the certainty of a cash return, subject to the fulfilment or waiver of the conditions to the takeover bid
• QMN and Moly have entered into a bid implementation agreement to facility the takeover bid