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ESTRELLA RESOURCES LIMITED — Capital/Financing Update 2019
Aug 29, 2019
64878_rns_2019-08-29_7278a282-cc53-4734-a958-12fa6d32e02d.pdf
Capital/Financing Update
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ABN 39 151 155 207
30 August 2019
ASX ANNOUNCEMENT
Munda Nickel Rights Disposal
Estrella Resources Ltd ( ASX:ESR ) ( Estrella ) advises that its wholly owned subsidiary WA Nickel Pty Ltd, has entered into a Binding Nickel Rights Sale Agreement (“Sale Agreement”) with an unrelated third party to dispose of the nickel rights in the Munda Project (M15/87) for cash consideration of $250,000. The disposal is for the nickel rights only and the Company retains the gold rights in the Munda Project.
The disposal will allow the Company to focus on its core assets, in particular the Carr Boyd Nickel Project without the need to dilute shareholders. The Company expects to receive the proceeds from the disposal within the next 7 days.
ENDS
FURTHER INFORMATION CONTACT
Christopher J. Daws Chief Executive Officer Estrella Resources Limited [email protected]
Office Address London House, Level 11, 216 St Georges Terrace, PERTH WA 6000 Postal Address GPO Box 2517, PERTH WA 6831 Phone +61 8 9481 0389 Fax +61 8 9463 6103 Email [email protected]
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