Please find below a link to our announcement which has today been lodged with the ASX confirming that Malachite Resources Limited (?Malachite? or ?the Company?; ASX: MAR) has completed its purchase of the Lorena Gold Project (?Lorena?). The purchase of Lorena was completed by acquiring all of the shares of Volga Elderberry Pty Limited (?VEPL?), pursuant to a Share Sale Agreement (?SSA?) signed on 29 September 2010. VEPL owns all of the Lorena assets, including tenements and plant and equipment on site. The consideration for the transaction was the issue of 350,000,000 MAR shares to the former shareholders of VEPL, which now becomes a wholly owned subsidiary of Malachite.
http://www.malachite.com.au/pdf/asx/2011/MAR%20-%20Acquisition%20of%20Lorena%20Gold%20Project%20Completed%20110211.pdf
Commenting on the transaction, Malachite Managing Director, Garry Lowder, said:
?This is the beginning of an exciting new chapter of Malachite?s growth story and will greatly enhance our transition from junior explorer to emerging miner. Our geologists are highly motivated to get on the ground and turn Lorena into a company-maker for Malachite.?
Following completion of the acquisition, and pursuant to the SSA, the Company has appointed Messrs Joel Bidois and James Dean as directors of Malachite Resources Limited.
Regards
Andrew J. Cooke
Company Secretary
Malachite Resources Limited
Tel: +61 2 9411 6033
Fax: +61 2 9411 6066
Mob: 0412 090 826
Email: acooke@malachite.com.au
Website: www.malachite.com.au
Malachite Res. est une société d’exploration minière de étain et de plomb basée en Australie.
Malachite Res. détient divers projets d'exploration en Australie.
Ses principaux projets en exploration sont ELSMORE, MT LIDSTER, RIVERTREE, TOOLOOM, VOLGA, ABINGTON, CONRAD SILVER et DELUNGRA en Australie.