09:52 AM EST - Mantra Resources Limited : provided the following update on the status of the all-cash offer from JSC Atomredmetzoloto to acquire all of the issued shares in Mantra by way of a Board recommended Scheme of Arrangement. If the scheme becomes effective, Mantra shareholders will receive: A$6.87 in cash for each share they own; and -- an unfranked dividend of A$0.15 for each share they own. The Special Dividend is conditional on shareholders approving an amendment to Mantra's constitution at an extraordinary general meeting to remove the "profits test" restriction on the payment of dividends and permit Mantra to pay dividends out of any available source permitted by law. Mantra Resources Limited
shares T.MRL are trading up $0.01 at $6.74.
