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Gerik: Successful PO to Pharmakas – Intention for delistment from the CSE

With reference to the Public Offer of Gerik Investments Limited to the shareholders of “Pharmakas Quarries Ltd” dated February 24, 2005 and expired on April 15, 2005, the Board of Directors of Gerik Investments Limited announces that 94% of the shares have been acquired (28,616,156 shares) and the Public Offer is, therefore, successful.

Gerik Investments will send the consideration to all shareholders of “Pharmakas Quarries Ltd” that have accepted the offer.

Following the completion of the procedures pursuant to the CSE Law and Regulations, the Board of Directors will proceed to all necessary acts so that Pharmakas Quarried Ltd apply for its delistment from the CSE.

Gerik Investments Limited would like to thank the shareholders of Pharmakas Quarries Limited who have accepted the Public Offer.
Wednesday, 20 April, 2005 - 10:49