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CLASSIC MINERALS LTD — Capital/Financing Update 2013
May 21, 2013
64664_rns_2013-05-21_1e352cb7-e075-4c31-8ce9-db6c58e3d392.pdf
Capital/Financing Update
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ACN 119 484 016
Phone: 08 9349 5101 Fax: 08 9349 5103 Postal: PO Box 487 Osborne Park WA 6917 Address: Suite 2, 40 Cedric Street, Stirling WA 6021
Email: [email protected] Web: www.classicminerals.com.au
20 May 2013
The Directors ASX Compliance Pty Ltd, Level 8, Exchange Plaza, 2 The Esplanade, Perth WA 6000
To the Attention of: Mr. Mauro Picini (Adviser, ASX)
Dear Sirs,
Re: Intention to Exercise Option to purchase Doherty’s (M57/619) after the Listing of Classic Minerals Limited on the Australian Securities Exchange.
This letter is provided to you to confirm the intention of the Board of Classic Minerals Limited (“Classic Minerals” or “the Company”) with respect to the Option to acquire Doherty’s tenement from Golden West Resources Limited (ASX Code: GWR) pursuant to the Option Agreement dated 1 May 2009 and varied by the terms of two Deeds of Extension.
The two Companies have been in negotiations regarding the Option and have agreed to extend the period for the Exercise of this Option until 31 July 2013 (the “Extension Date”). It is the Company’s intention to exercise this Option before the Extension Date.
Yours sincerely
Justin Doutch Executive Director