BRIEF-Blumont says making an off-market takeover bid to acquire Genesis Resources

Jan 24 (Reuters) - Blumont Group Ltd BLUM.SI :

* Says takeover bid to acquire asx-listed Genesis at an implied bid price of A$0.169 per share

* To satisfy takeover bid consideration, co to issue and allott 5.3 new fully paid ordinary shares of co for every two Genesis shares

* Says deal consideration will comprise up to about 509.5 million consideration shares representing about 19.73% of co's existing share capital

* Implied issue price of S$0.0719 per consideration share represents a premium of 1.27% to the closing share price of Blumont on 23 January 2014

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