Overview of Advance ZincTek's response to takeover bid

Advance ZincTek Limited (ANO) (ASX: $ANO) has issued a Target's Statement in response to an off-market takeover bid by Ankla Pty Ltd, owned by Mr. Lev Mizikovsky, offering $1.05 per share. The Independent Expert's Report, included in the Target's Statement, concludes that the offer is fair and reasonable. ANO's Independent Directors unanimously recommend accepting the offer. Shareholders are advised to review the Target's Statement before making a decision.

Executive Commentary on Takeover Offer

The Independent Expert's Report has been carefully prepared to provide shareholders with an unbiased assessment of the takeover offer. We believe that the offer from Ankla Pty Ltd represents a fair and reasonable opportunity for our shareholders. The formation of the Independent Board Committee ensures that the advice provided to shareholders is independent and in their best interest. We recommend shareholders to carefully consider the information provided in the Target's Statement and the Independent Expert's Report before making a decision.

Summary of Advance ZincTek's Response and Outlook

Advance ZincTek Limited (ANO) has responded to the takeover offer by preparing a comprehensive Target's Statement, including the Independent Expert's Report, which concludes that the offer is fair and reasonable. The Independent Directors unanimously recommend accepting the offer. Shareholders are advised to consider the information provided in the Target's Statement, including the company's financial performance, recent trading, and the current board strategy and initiatives. The company's outlook will be influenced by the shareholders' response to the offer and the potential acquisition by Ankla Pty Ltd.