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Castle Minerals Limited
27 April 2016
ASX Announcement
ASSIGNMENT OF JULIE WEST SALE AGREEMENT
Castle Minerals Limited (ASX:CDT) has consented to the assignment of the right to acquire the Julie West project from Bunda Resources Pty Ltd to Azumah Resources Ltd (ASX:AZM).
The terms of the sale of Julie West was set out in the Company's ASX release dated 28 September 2015. The commercial terms have substantially remained the same save for a 12 month extension to complete if required. The covenants and agreements of the parties contained in or implied by the Put Option and Sale Deed otherwise remain in full force and effect.
The Company was satisfied that the assignment would provide a greater probability that the transaction would complete and for the Company to receive the final payment due and royalty.
Ian Hobson
Director & Company Secretary
2/11 Ventnor Ave, West Perth WA 6005
PH: +618 9322 7018 E: [email protected] www.castleminerals.com
ACN 116 095 802
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Azumah Resources Limited
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DEVELOPMENT STAGE |
CODE : AZM.AX |
ISIN : AU000000AZM5 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Azumah Res. is a gold exploration company based in Australia. Its main asset in development is WA in Ghana and its main exploration properties are KUNCHE and BEPKONG in Ghana. Azumah Res. is listed in Australia. Its market capitalisation is AU$ 18.6 millions as of today (US$ 12.4 millions, € 11.5 millions). Its stock quote reached its highest recent level on November 05, 2010 at AU$ 0.83, and its lowest recent point on August 02, 2019 at AU$ 0.01. Azumah Res. has 582 569 984 shares outstanding. |