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ELEMENT 25 LIMITED — Capital/Financing Update 2011
Aug 3, 2011
64810_rns_2011-08-03_dbd3794c-35c8-472d-9489-6b1d6030dcb4.pdf
Capital/Financing Update
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4 August 2011
Company Announcements Office ASX Limited 20 Bond Street SYDNEY NSW 2000
Dear Sir or Madam
IN-SPECIE DISTRIBUTION PROVIDES CASH OF $2.88M
Montezuma Mining Company Ltd “Montezuma” is pleased to advise the in-specie distribution of 238,636 Mineral Resources Limited (“MIN”) fully paid ordinary shares were received in accordance with the commercial terms of the MIN scheme of arrangement with Auvex Resources Limited “Auvex” to acquire 100% of its issued capital. Montezuma held 7,500,000 fully paid ordinary shares in the capital of Auvex.
The holding in MIN represented an opportunity to inject further funds into Montezuma and this non-core investment has subsequently been disposed for $2.88M.
The additional funding will provide cash reserves to further advance exploration activity at Montezuma’s Projects.
Yours faithfully
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Justin Brown
Montezuma Mining Company Ltd. ABN 46 119 711 929 PO Box 910, West Perth WA 6872 Ground Floor, 31 Ventnor Ave, West Perth WA 6005 Phone: +61 8 6315 1400 Fax: +61 8 9486 7093 Website: www.montezumamining.com.au [email protected]