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CLASSIC MINERALS LTD — Capital/Financing Update 2019
Jul 4, 2019
64664_rns_2019-07-04_57d16145-8698-4d65-a81b-70a0444e1fa7.pdf
Capital/Financing Update
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ASX Announcement
ASX: CLZ ACN 119 484 016
05 July 2019
The Manager, Company Announcements Office, Australian Securities Exchange Limited, Level 40, Central Park, 152-158 St George’s Terrace, PERTH, WA, 6000.
Dear Sir/Madam,
Fraser Range Project – Earn in and joint venture agreement
Classic Minerals Limited (“Classic”) refers to the Earn in and Joint Venture Agreement over the Company’s Fraser Range tenements with Independence Newsearch Pty Ltd, a 100% owned subsidiary of Independence Group NL (together “Independence”).
The first stage of the transaction has now been completed as the condition precedent, which is the Ministerial consent for the transfer of tenure within the first year of grant, has been received and the first payment of $ 300,000.00 + GST has been made by Independence to Classic Minerals Limited.
Classic will use the funds to continue drilling at the Kat Gap gold project.
ENDS:
Classic Minerals Limited
Phone: (08) 6305 0221 Address: 71 Furniss Road, Landsdale WA 6065 Postal: PO Box 1318, Wangara DC WA 6947 Website: www.classicminerals.com.au Email: [email protected]
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