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31 August 2015
Companies Announcements Office
Australian Securities Exchange Limited
4th Floor
20 Bridge St
Sydney NSW 2000
Extension of term for the proposed acquisition of the Tapeta Iron Ore project, located in
Northern Central Liberia, West Africa
We refer to previous announcements by Rand Mining Limited (Rand or the Company) relating to
Rand's option to acquire Iron Resources Limited (IRL) from Resource Capital Limited (RCL).
IRL is the registered holder of an iron ore mineral exploration licence over approx. a 600km2 area located within the emerging Liberian‐Guinean iron ore province.
Due to circumstances beyond the control of all parties, and by way of a further deed of variation, the parties have today agreed to vary the Option Agreement whereby RCL has agreed to extend the term of the option by 12 months to 23 September 2016 in exchange for Rand paying a non‐refundable option fee of USD$ 10,000.
All other terms of the Option Agreement remain the same.
For further information, please contact: Anton Billis
Managing Director
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Rand Mining NL
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CODE : RND.AX |
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ISIN : AU000000RND4 |
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Rand Mining est une société d’exploration minière d'or basée en Australie. Rand Mining est cotée en Australie. Sa capitalisation boursière aujourd'hui est 95,6 millions AU$ (62,3 millions US$, 58,2 millions €). La valeur de son action a atteint son plus bas niveau récent le 15 mars 2013 à 0,30 AU$, et son plus haut niveau récent le 28 septembre 2018 à 4,50 AU$. Rand Mining possède 60 150 000 actions en circulation. |