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FIN RESOURCES LIMITED — Board/Management Information 2011
Nov 16, 2011
64920_rns_2011-11-16_14362d59-946e-4420-8262-80a2f7d24e38.pdf
Board/Management Information
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17 November 2011
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BOARD & MANAGEMENT
Manager of Company Announcements ASX Limited Level 8 Exchange Plaza 2 The Esplanade PERTH WA 6000
By E‐Lodgement
Mr Greg Bandy EXECUTIVE DIRECTOR
Mr Jason Bontempo NON‐EXECUTIVE DIRECTOR
Mr Jeremy King NON‐EXECUTIVE DIRECTOR
Ms Rebecca Sandford COMPANY SECRETARY
DISPOSAL OF NON‐CORE KYRGYZ URANIUM PROJECT
REGISTERED OFFICE 945 Wellington Street West Perth WA 6005
Orca Energy Limited ( Orca ) (ASX:OGY) announces that it has entered into binding documents to complete the disposal of its 22.5% interest in the Kyrgyz Republic Kashkasu II uranium project ( Kashkasu Project ) to its joint venture partner, Raisama Limited ( Raisama ) (ASX:RAI). As consideration for such disposal Raisama has issued 870,000 fully paid shares to Orca.
While retaining some exposure to the Kashkasu Project through its Raisama holding, this disposal brings to an end joint venture arrangements in respect of the asset and accordingly has removed any related funding obligations on Orca.
It allows Orca to continue to focus on its highly prospective hydrocarbon assets in Matagorda County, Texas and the Cooper Basin.
Yours faithfully,
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POSTAL ADDRESS PO Box 1263 West Perth WA 6872
CONTACT DETAILS
Tel: +61 8 9322 7600 Fax: +61 8 9322 7602
WEBSITE
www.orcaenergy.com.au
SHARE REGISTRY Advanced Share Registry 150 Stirling Highway Nedlands WA 6009
ASX CODE OGY
Greg Bandy Executive Director
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945 Wellington Street, West Perth WA 6005 | Tel: +61 8 9322 7600 | Fax; +61 8 9322 7602 | www.orcaenergy.com.au ABN 25 009 121 644