| Minemakers Limited: Sale of South African Legacy Assets | |
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PERTH, AUSTRALIA--(Marketwired - Jul 16, 2015) - Minemakers Limited (MAK.TO)(MAK.AX) ("Minemakers" or the "Company") is pleased to announce that it has completed the sale of all its remaining legacy assets in South Africa to Spearhead Capital Limited ("Spearhead"). These assets remained from Minemakers' original takeover of Bonaparte Diamond Mines NL in 2009 and are no longer core to the business. This asset sale is in line with the Company's strategy to be a major contributor to the world nutrient market via the development of world class rock phosphate projects. Sale proceeds totalling ZAR10,862,874 (A$1,180,000) have been received. Under the sale agreement, ZAR1,852,406 (A$200,000) is to be held in escrow by the Company until the fulfilment of two post-completion accounting conditions. Spearhead is an investment company incorporated in the Seychelles with offices in Eden Island, Seychelles and Johannesburg, South Africa. Cliff Lawrenson, Managing Director of Minemakers, commented: "It is pleasing to realise cash proceeds from legacy assets and, in particular, we would like to acknowledge the effort and tenacity of our Chief Financial Officer, Rod Wheatley, who led the sale process over a prolonged period. Minemakers is well placed to execute its recently announced near-production Baobab Rock Phosphate Project, subject to shareholder approval in August 2015. This cash injection adds to our existing cash will be a useful addition as we work to complete the acquisition of the Baobab Rock Phosphate Project in the Republic of Senegal." Cliff Lawrenson, Managing Director ABN 48 116 296 541
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MineMakers Limited
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EN DÉVELOPPEMENT |
CODE : MAK.AX |
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MineMakers est une société d’exploration minière de étain et de tungsten basée en Australie. MineMakers est en développement de projets de étain, de tungsten, de diamants et de phosphate en Australie, en Afrique Du Sud et en Namibie, et détient divers projets d'exploration en Australie, en Afrique Du Sud et en Namibie. Ses principaux projets en développement sont SAVANNA en Afrique Du Sud, SANDPIPER/MEOB JV en Namibie et WONARAH en Australie et ses principaux projets en exploration sont ANCHOR ( TASMANIA), MOINA, VAAL RIVER ALLUVIAL et BRONKHORSTFONTEIN en Afrique Du Sud et ABERFOYLE, STOREY'S CREEK, LUTWYCHE, ROYAL GEORGE, GREAT PYRAMID, CASTLE CAREY, TASMANIA UNITED URANIUM et LUDERITZ PROJECT - ML111 DFI JV en Namibie. MineMakers est cotée en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 34,4 millions AU$ (32,4 millions €). La valeur de son action a atteint son plus haut niveau récent le 18 avril 2008 à 2,95 AU$, et son plus bas niveau récent le 20 mars 2015 à 0,06 AU$. MineMakers possède 275 360 000 actions en circulation. |