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ARGENT MINERALS LIMITED — Capital/Financing Update 2011
Mar 30, 2011
64417_rns_2011-03-30_f43527fe-1b9e-437e-8a5b-46304058dba8.pdf
Capital/Financing Update
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ABN 89 124 780 276
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Argent Minerals Limited
ASX ANNOUNCEMENT
31 March 2011
BULLANT SALE COMPLETED
Argent Minerals Limited (“Argent”or “Company”) is pleased to announce that the sale of Argent (Bullant) Pty Ltd to US Nickel Limited (“US Nickel”) has been completed.
Argent shareholders on the record date of 1 April 2011 will participate in the inspecie distribution of US Nickel shares at a ratio of approximately 0.53 US Nickel shares for each Argent share held.
Argent’s Executive Chairman, Mr Kerry McHugh, said that “the sale has been a good outcome for Argent shareholders who will continue to have exposure to the Bullant asset through their US Nickel holdings. The completion of the sale has the important benefit of positioning Argent as a pure silver play and enabling the Company to focus its full attention on progressing the Kempfield Definitive Feasibility Study.”
Argent will keep the market informed of developments on this front.
For more information:
Kerry McHugh Executive Chairman Argent Minerals Limited Ph: 0404 465 154
Level 1, 115 Cambridge Street, Postal Address PO Box 1305, West Leederville WA 6901 Ph +61 8 9322 6600 Fx + 61 8 9322 6610
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