MELBOURNE,
Australia, Jan. 6,
2021 /CNW/ - AustralianSuper announces
that it acquired 47,534,965 ordinary shares ("Shares")
in the capital of Jervois Mining Limited (ASX: JRV) (TSXV: JRV)
("Jervois") on 27 October 2020 and a
further 13,120,773 Shares on 3 December
2020, such that immediately following the second
acquisition, AustralianSuper held a total of 108,450,700 (or
approximately 13.71%) of the issued and outstanding Shares in
Jervois.
The Shares were acquired pursuant to private placements by
Jervois to institutional and sophisticated investors. The average
purchase price per Share was AUD0.305/CAD0.29 for an aggregate total purchase
consideration of AUD18.5 million/CAD17.6
million.
The head office of Jervois is located at Suite 508, 737
Burwood Road, Hawthorn East, Victoria, 3123, Australia.
AustralianSuper acquired the Shares for investment
purposes in the normal course of its business and not with the
purpose of influencing the control or direction of Jervois.
AustralianSuper may in the future, subject to market conditions,
make additional investments in or dispositions of Jervois'
securities for investment purposes.
This news release is issued by AustralianSuper pursuant to
National Instrument 62-104 Take-Over Bids and Issuer Bids of
the Canadian Securities Administrators. AustralianSuper will file a
report in respect of its acquisition of Shares with the applicable
securities commission or securities regulator in each Canadian
jurisdiction in which Jervois is a reporting issuer. A copy of the
report may be obtained from Janine
Cooper (phone: +61 3 8677 3203) at Level 33/50 Lonsdale Street Melbourne, Victoria, 3000, Australia. AustralianSuper has also made the
necessary disclosures on the Australian Stock Exchange
(ASX).
About AustralianSuper
AustralianSuper is Australia's largest superannuation fund and is
regulated by the Australian Prudential Regulation
Authority. AustralianSuper manages more than A$200 billion of members' retirement savings on
behalf of more than 2.3 million members from around 333,000
businesses as at 30 November
2020.
SOURCE AustralianSuper
