FEG Recommends No Action on Xingye Offer
Released
Released
Announcement PDF
1
ASX ANNOUNCEMENT
11 JUNE 2026
FAR EAST GOLD ASX ANNOUNCEMENT
FAR EAST GOLD LIMITED RECOMMENDS TAKE
NO ACTION IN RELATION TO THE OFFER FROM
THE XINGYE GOLD (HONG KONG) MINING
COMPANY LTD
Far East Gold Limited (ASX: FEG) (“FEG” or the “Company”) advises that Xingye Gold (Hong
Kong) Mining Company Limited (Bidder) has today dispatched its Bidder Statement in relation to its
offer to acquire all the ordinary shares in FEG that it does not currently hold, for $0.13 cash per FEG
share (Offer) under an off-market takeover bid, as announced on 27 May 2026.
The Board of FEG reiterates the position set out in the Company’s ASX announcement of 27 May
2026: shareholders should TAKE NO ACTION in relation to this offer.
Shareholders do not need to respond to Xingye Gold’s email, nor log on to the offer website, nor
complete or return the Acceptance Form, nor contact your broker. Ignoring the correspondence will
not affect your shareholding in any way.
The Offer was made without any prior discussion nor engagement with the Company. On that basis,
the Board considers the Offer to be opportunistic in both its timing and its pricing. The
Company will shortly be providing an update on activities at its projects and other near-term
positive catalysts.
To ensure shareholders receive a fully informed and independent assessment of the Offer, the Board
has assembled a comprehensive and experienced advisory team:
• Canaccord Genuity (Australia) Limited – strategic and financial adviser;
• Thomsons Geer – legal adviser; and
• Lonergan Edwards & Associates and SRK Consulting – independent experts
engaged to undertake valuation and technical assessment work in relation to the Offer.
The Board’s formal recommendation, together with the independent expert assessments and all
information relevant to your decision, will be set out in the Company’s Target’s Statement, which will
be released to the ASX and dispatched to shareholders within the timeframe required under the
Corporations Act. The Board considers it important that shareholders review the Target’s Statement
and independent expert materials before making any decision in relation to the Offer. Until you have
received and considered those materials, you should TAKE NO ACTION in relation to the Offer.
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TAKE NO ACTION – XINGYE GOLD (HONG KONG) OFFER
FAR EAST GOLD ASX ANNOUNCEMENT
ABOUT FAR EAST GOLD
Far East Gold Limited (ASX: FEG) is an ASX listed copper/gold exploration company with six
advanced projects in Australia and Indonesia. This Release has been approved by the FEG
Independent Board.
FURTHER INFORMATION:
Sign up to the Far East Gold investor hub to receive important news and updates directly to your
inbox, and to engage directly with our leadership team: https://investorhub.fareast.gold/auth/signup
COMPANY ENQUIRIES
Justin Werner
Chairman
Shane Menere
Chief Executive Officer
Tim Young
Investor Relations &
Capital Markets
e:justin.werner@fareast.gold e:shane.menere@fareast.gold e: tim.young@fareast.gold
m: + 61 406 189 672
+ 62 811 860 8378
m: + 61 484 247 771
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