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ADMIRALTY RESOURCES NL. — M&A Activity 2009
Aug 25, 2009
64309_rns_2009-08-25_a3cf5250-c936-46a3-bbf2-145616b9b9b7.pdf
M&A Activity
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NEWS RELEASE
Release Time IMMEDIATE
Date 26 August 2009
ACQUISITION OF 100% INTEREST IN SCM VALLENAR IRON FULLY COMPLETED
Admiralty Resources NL and its subsidiaries (“ Admiralty ”) announces that it has this morning (Australian E.S.T.) made the final payment due to Wyndham Explorations S.A. (“ Wyndham ”) and received the completed release forms for the purchase of shares in its subsidiary, Vallenar Iron Company from Wyndham.
In addition, Admiralty received the documentation releasing a lien in favour of Wyndham over the mineral exploitation and exploration concessions owned by Vallenar Iron Company.
Admiralty advises that the terms of the settlement with Wyndham, as advised to the ASX on 12 May 2009, have now been completed.
Admiralty is pleased to be in a better position to meet its major objective of maximising the value to shareholders of its now 100% owned iron ore interests in Chile.
Yours faithfully,
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Stephen C. Prior Company Secretary
Further information on Admiralty Resources NL can be found on our Internet site: www.ady.com.au
Australia Investor Relations Tel: +61 3 9642 8787 Email: [email protected]
Admiralty Resources NL ABN 74 010 195 972 Registered in Australia Registered Office: Level 14, 200 Queen Street Melbourne Victoria 3000 Australia Tel: +61 3 9642 8787 Fax: +61 3 8677 6949