Havilah Resources NL has made an off-market takeover offer for the shares in Geothermal Resources Ltd.

Havilah has offered 1 Havilah share for every 4 Geothermal shares.

The Independent Director has recommended that shareholders accept this offer.

The Directors have all ACCEPTED the Offer for the shares they control.

As at close of business on 28th of November 2011,

Havilah controls 94.17% of the shares in Geothermal
The offer has CLOSED (28th November 2011)

On the 4th Nov, Havilah advised the ASX that the bid was now unconditional and free of all defeating conditions.

Shareholders are encouraged to read the

Bidders Statement from Havilah click here (460KB)
and the
Target Statement from Geothermal click here (1.75MB)

which contains an informative valuation of the Havilah Resources shares.

Shareholders in Geothermal Resources have all been sent these documents
which contain the ACCEPTANCE FORM for your attention.

If you have lost or mislaid these documents or this form,
please email the Company at info@geothermal-resources.com.au