Thursday, July 23, 2009

Vitol and Hillsborough

Vitol Anker International B.V. announced Monday its intention to make an offer to acquire all of the common shares of Hillsborough Resources Limited (“Hillsborough”) that it does not currently own for a cash price equal to CAD$0.45 per share.

“Our offer presents compelling value to Hillsborough’s shareholders and creates an immediate opportunity for shareholders to receive cash proceeds for their investment. Our offer price reflects our respect and enthusiasm for Hillsborough’s business,” said Jacobus Sterken, Vitol Anker’s Director.

Check out Vitol's website for the full release

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