UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE TO
(Amendment No. 2)
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1)
OR SECTION 13(e)(1) OF THE SECURITIES EXCHANGE ACT OF 1934
KIMBER RESOURCES INC.
(Name of Subject Company (Issuer))
INVECTURE GROUP, S.A. DE C.V.
(Names of Filing Persons (Offerors))
Common Shares
(Title of Class of Securities)
49435N101
(CUSIP Number of Class of Securities)
Jose Luis Ramos
Invecture Group, S.A. de C.V.
Montes Urales 750 piso 3A
Lomas de Chapultepec
CP 11010 Mexico D.F.
Mexico
+ (52) 55-5520-0173
(Name, address and telephone number of person authorized to receive notices and communications on behalf of filing persons)
with copies to:
Paul, Weiss, Rifkind, Wharton & Garrison LLP 1285 Avenue of the Americas New York, New York 10019-6064 Attention: Christopher J. Cummings David S. Huntington (212) 373-3000 |
Blake, Cassels & Graydon LLP 595 Burrard Street P.O. Box 49314 Suite 2600, Three Bentall Centre Vancouver, British Columbia, V7X 1L3 Attention: Michelle Audet (604) 631-3300 |
CALCULATION OF FILING FEE:
Transaction Valuation* | Amount of Filing Fee** | |
US$12,327,353 | US$1,588 | |
* | Estimated solely for the purpose of calculating the amount of the filing fee based on a transaction value equal to the product of (i) CDN$0.15 per Common Share and (ii) 84,697,876, which is the estimated number of outstanding Common Shares, other than any Common Shares owned directly or indirectly by Invecture Group, S.A. de C.V. and its affiliates, converted to U.S. dollars based on the Bank of Canada noon rate of US$0.9703 = CDN$1.00 on October 7, 2013. |
** | The amount of the filing fee is calculated in accordance with Rule 0-11 of the Securities Exchange Act of 1934, as amended. |
x | Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. |
Amount Previously Paid: | US$1,588 | |
Form or Registration No: | Schedule TO | |
Filing Party: | Invecture Group, S.A. de C.V. | |
Date Filed: | October 10, 2013 |
¨ | Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. |
Check the appropriate boxes below to designate any transactions to which the statement relates:
x | THIRD-PARTY TENDER OFFER SUBJECT TO RULE 14D-1. |
¨ | ISSUER TENDER OFFER SUBJECT TO RULE 13E-4. |
¨ | GOING-PRIVATE TRANSACTION SUBJECT TO RULE 13E-3. |
x | AMENDMENT TO SCHEDULE 13D UNDER RULE 13D-2. |
x | Check the box if the filing is a final amendment reporting the results of the tender offer. |
If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:
¨ | Rule 13e-4(i) (Cross-Border Issuer Tender Offer) |
¨ | Rule 14d-1(d) (Cross-Border Third-Party Tender Offer) |
This Amendment No. 2 amends and supplements the Tender Offer Statement on Schedule TO filed on October 10, 2013, as amended on October 30, 2013 (the Schedule TO), by Invecture Group, S.A. de C.V., a corporation existing under the laws of Mexico (Invecture). The Schedule TO relates to the offer to purchase (the Offer) by Invecture for all of the issued and outstanding common shares (the Common Shares) of Kimber Resources Inc., a corporation existing under the laws of British Columbia (Kimber), other than any Common Shares owned directly or indirectly by Invecture and its affiliates. The Offer is subject to the terms and conditions set forth in Invectures Offer and Circular dated October 10, 2013, as amended on October 30, 2013 (the Offer and Circular).
The information set forth in the Offer and Circular, the Letter of Transmittal and the Notice of Guaranteed Delivery, including all schedules, exhibits and annexes thereto, is hereby expressly incorporated by reference herein in response to all items of information required to be included in, or covered by, the Schedule TO, and is supplemented by the information specifically provided herein. Capitalized terms used herein but not defined herein have the meaning given to such terms in the Offer and Circular.
Item 11. | Additional Information. |
Item 11 of the Schedule TO is hereby amended and supplemented by adding the following:
The Offer expired at 5:00 p.m. Eastern time on November 15, 2013 (the Expiry Time). All of the terms and conditions of the Offer have been satisfied, and Invecture will take up and pay for approximately 62,902,631 Common Shares validly deposited under the Offer, representing approximately 60.1% of the issued and outstanding Common Shares and 74.3% of the issued and outstanding Common Shares excluding the Common Shares already held directly or indirectly by Invecture and its affiliates. Following the take up of the Common Shares, Invecture and its affiliates will hold approximately 82,902,631 Common Shares or approximately 79.2% of the issued and outstanding Common Shares of Kimber.
On November 15, 2013, Kimber and Invecture issued a joint press release announcing the completion of the Offer and results. The full text of the press release is attached as Exhibit (a)(1)(viii) and is incorporated herein by reference.
Item 12. | Exhibits. |
Item 12 of the Schedule TO is hereby amended and supplemented by adding the following exhibit to Item 12:
(a)(1)(viii) | Press Release dated November 15, 2013. |
3
SIGNATURES
After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
INVECTURE GROUP, S.A. DE C.V. | ||
By: | /s/ Jose Luis Ramos | |
Name: Jose Luis Ramos Title: CFO |
Dated: November 15, 2013
4
INDEX TO EXHIBITS
Exhibit Number |
||
(a)(1)(i) | Offer and Circular dated October 10, 2013.** | |
(a)(1)(ii) | Letter of Transmittal.** | |
(a)(1)(iii) | Notice of Guaranteed Delivery.** | |
(a)(1)(iv) | Press Release dated October 10, 2013.** | |
(a)(1)(v) | Form of Newspaper Advertisement.** | |
(a)(1)(vi) | Letter to Kimber Shareholders dated October 10, 2013.** | |
(a)(1)(vii) | Press Release dated September 25, 2013.** | |
(a)(1)(viii) | Press Release dated November 15, 2013.* | |
(d)(1)(i) | Support Agreement, dated September 25, 2013, between Invecture and Kimber.** | |
(d)(1)(ii) | Form of Lock-Up Agreement entered into between Invecture and each director and officer of Kimber on September 25, 2013.** |
* | Filed herewith. |
** | Previously filed. |
Exhibit (a)(1)(viii)
KIMBER AND INVECTURE ANNOUNCE EXPIRY OF OFFER AND TAKE UP OF DEPOSITED COMMON SHARES
November 15, 2013 Vancouver, British Columbia and México City, México Reference is made to the offer dated October 10, 2013 by Invecture Group, S.A. de C.V. (the Offeror) to purchase all of the issued and outstanding common shares (the Common Shares) of Kimber Resources Inc. (TSX: KBR) (Kimber), other than any Common Shares owned directly or indirectly by the Offeror and its affiliates, for Cdn$0.15 in cash per Common Share (the Offer). As previously announced, the expiry time for the Offer was 5:00 p.m. (Toronto time) today.
Kimber and the Offeror are pleased to announce that all of the terms and conditions of the Offer have been satisfied, and that the Offeror will take up and pay for approximately 62,902,631 Common Shares validly deposited under the Offer, representing approximately 60.1% of the issued and outstanding Common Shares and 74.3% of the issued and outstanding Common Shares excluding the Common Shares already held directly or indirectly by the Offeror and its affiliates.
Following the take up of the Common Shares, the Offeror and its affiliates will hold approximately 82,902,631 Common Shares or approximately 79.2% of the issued and outstanding Common Shares of Kimber.
About Kimber
Kimber owns mineral concessions covering in excess of 39,000 hectares in the prospective Sierra Madre gold-silver belt, including the Monterde property, where three gold-silver mineral resources have already been defined. The most advanced of these, the Carmen deposit, has been extensively drilled and has undergone detailed geologic modeling. The completion of the Updated Preliminary Economic Assessment for Monterde in 2011 represented a significant step forward for Kimber and supported further evaluation and more advanced economic studies at the Monterde deposits, with the 2012 Updated Mineral Resource Estimate Technical Report for the Carmen deposit representing a component of those activities.
About the Offeror
The Offeror is the holding company of Frontera Copper Corporation (FCC) and owns 100% of FCC. FCC was listed on the TSX since 2004 until it was acquired by the Offeror through a tender offer for all of its outstanding shares and options in May, 2009. FCCs main asset is the Piedras Verdes Copper Mine, of which FCC holds a 72% interest, located close to Alamos in the State of Sonora in North Western Mexico. The Piedras Verdes Copper Mine produces approximately 70 million pounds of Grade A LME Copper Cathode annually from an open pit crushed heap leach operation.
Important Information
This press release is for information purposes only and does not constitute or form part of any offer to purchase or any solicitation of any offer to sell Common Shares. The Offer was made exclusively by means of, and subject to the terms and conditions set out in, the Offer and Circular and the letter of transmittal and the notice of guaranteed delivery accompanying the Offer and Circular (collectively, the Offer Documents). In connection with the Offer, the Offeror has filed with the U.S. Securities and Exchange Commission (the SEC) a Tender Offer Statement on Schedule TO, including the Offer Documents.
Forward Looking Information
Certain statements in this release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements in this press release include, without limitation, statements relating to the consummation of the Offer and the timing of the Offer. Words such as may, would, could, should, will, anticipate, believe, plan, expect, intend, potential and similar expressions may be used to identify these forward-looking statements although not all forward looking statements contain such words.
Forward-looking statements involve significant risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, risks associated with the Offer and acquisitions generally, such as: the anticipated benefits of the Offer; the completion of an alternative transaction; the risk of unexpected costs or liabilities relating to the Offer; and the risks set forth under the section Risk Factors in Kimbers latest Annual Information Form as filed on SEDAR.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results or achievements may vary materially from those expressed or implied by this press release. These factors should be considered carefully and reader should not place undue reliance on the forward-looking statements. These forward-looking statements are made as of the date of this press release and, other than as required by law, neither Invecture Group nor Kimber intends to or assumes any obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
Further Information
For further information concerning Kimber, contact:
Renee Brickner, BSc (Hons) Geol.
Vice President, Investor Relations
or
Gordon Cummings, CA President and CEO
North America Toll Free: 1-866-824-1100
Tel: (604) 669-2251
Fax: (604) 669-8577
Website: http://www.kimberresources.com
Email: kimbernews@kimberresources.com
For further information concerning the Offer, contact
Laurel Hill Advisory Group
70 University Avenue, Suite 1440
Toronto, ON M5J 2M4
Telephone: 1-877-452-7184 (North American Toll-Free)
Telephone: 1-416-304-0211 (Banks, Brokers and Collect Calls outside of North America)
Email: assistance@laurelhill.com
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