AI assistant
Celsius Resources Limited — Capital/Financing Update 2011
Sep 13, 2011
10450_rns_2011-09-13_913e7653-ac32-4f4a-9efe-77e39e537602.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [274 x 103] intentionally omitted <==
AFRICAN POTASH OPPORTUNITY
View Resources Ltd wishes to advise the market that it has been offered the opportunity to farm into a potash project in the Congolese Basin, West Africa.
The Company has entered into a farm-in agreement which is subject to and conditional upon the Company being satisfied with the results of legal and technical due diligence. The Company has commenced legal/technical due diligence on the single tenement which comprises the project.
The Company has paid a deposit of AU$200,000 as part of the farm-in agreement, which is fully refundable in the event that the Company is not satisfied with the results of the legal due diligence. The Company has 10 business days to complete legal due diligence and 45 days to complete technical due diligence from the date of execution of the farm-in agreement.
The Company will keep the market fully informed in respect of this opportunity and will make further announcements at the appropriate milestones in the due diligence process. Full details of the project and the terms of the transaction will be released to the market upon the completion of the due diligence process.
Level 1, 12 Kings Park Road, West Perth WA 6005 PO Box 44, West Perth WA 6872 Ph: (08) 9226 4500 Fx: (08) 9226 4300 ACN 009 162 949