| Update - Funding for the Moberly Frac Sand Project | |
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HEEMSKIRK
Announcement
31 October 2014
Funding for the Moberly Frac Sand Project
For further information, please contact:
Peter Bird
Managing Director
Heemskirk Consolidated Limited
ABN 18 106 720 138
Level 5
303 Collins Street
Melbourne Victoria 3000
Australia
Telephone: +61 3 9614 0666
Facsimile: +61 3 9614 4466
Email: [email protected]
This information is available on our website at www.heemskirk.com
Heemskirk Consolidated Limited (HSK) advises that it has elected not to extend the exclusivity period that was in place in respect of
the proposal received to develop the Moberly Frac Sand Project (the
Project) as a joint venture (see ASX Announcements of 20 August
2014 and 1 October 2014). Notwithstanding that it has not extended exclusivity, HSK is still in discussions with the other party to the joint venture proposal.
HSK further advises that subsequent to the expiration of the exclusivity period, it has received a number of additional confidential approaches to fund the Project which the Board is considering.
However as this interest is at a preliminary stage and is subject to due diligence, the Board cannot form a view as to the certainty or prospects of the new approaches at this time. HSK will update the market as required.
Activity in relation to development of the Project advances as planned (see ASX Announcement of 14 October 2014) both in
respect to budget and schedule.
Peter Bird
Managing Director
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Heemskirk Consolidated Limited
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PRODUCER |
CODE : HSK.AX |
ISIN : AU000000HSK9 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Heemskirk Consolidated is a gold development stage company based in Australia. Its main asset in production is PAJINGO in Australia and its main exploration property is LOS SANTOS in Spain. Heemskirk Consolidated is listed in Australia and in Germany. Its market capitalisation is AU$ 41.1 millions as of today (US$ 30.7 millions, € 27.5 millions). Its stock quote reached its highest recent level on July 09, 2010 at AU$ 0.35, and its lowest recent point on March 18, 2016 at AU$ 0.02. Heemskirk Consolidated has 562 640 000 shares outstanding. |