| 18-Nov-2014 Suspension Of Four Mile Sale Process | |
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ASX ANNOUNCEMENT
18 November 2014 ASX Code: AGS
SUSPENSION OF FOUR MILE SALE PROCESS
The Board of Directors of Alliance Resources Limited ("Alliance") has resolved to suspend the process for the sale if its 25% interest in the Four Mile Uranium Project until the recently commenced proceedings in the Supreme Court of South Australia have been finalised.
ITOCHU Corporation ("ITOCHU") has until 31 December 2014 to notify Alliance whether it will exercise its rights under the deferred share rights deed. ITOCHU has the right to subscribe for
59,735,223 shares in Alliance or 14.9% of the issued share capital in Alliance Craton Explorer Pty Ltd ("ACE") (a wholly owned subsidiary of Alliance) and, subject to exercising its rights, an option to acquire a further 25.1% of the issued shares in ACE.
For and on behalf of the Board.
Steve Johnston
Managing Director
Suite 3, 51-55 City Road
Southbank, VIC, 3006
P +61 3 9697 9090 F +61 3 9697 9091 [email protected] www.allianceresources.com.au ABN 38 063 293 336
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Alliance Resources Ltd.
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DEVELOPMENT STAGE |
CODE : AGS.AX |
ISIN : AU000000AGS2 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Alliance Res. is a gold development stage company based in Australia. Alliance Res. develops gold and uranium in Australia, and holds various exploration projects in Australia. Its main asset in development is FOUR MILE in Australia and its main exploration properties are WARRINA, EAST FROME and MALDON in Australia. Alliance Res. is listed in Australia. Its market capitalisation is AU$ 18.3 millions as of today (US$ 13.2 millions, € 11.5 millions). Its stock quote reached its highest recent level on February 24, 2012 at AU$ 0.62, and its lowest recent point on October 21, 2016 at AU$ 0.01. Alliance Res. has 104 290 000 shares outstanding. |