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GOLDARC RESOURCES LIMITED — Capital/Financing Update 2021
May 31, 2021
64961_rns_2021-05-31_025a1fd2-86e6-4504-9f9b-08681e3aabc5.pdf
Capital/Financing Update
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ASX / MEDIA ANNOUNCEMENT
1 June 2021
ABN: 72 002 261 565
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Mt Malcolm Option Exercised
Torian Resources Limited ( Torian ) is pleased to advise that Mt Malcolm Mines NL ( Mt Malcolm ), through its wholly-owned subsidiary Mt Malcolm Gold Holdings Pty Ltd has exercised its option to acquire Torian’s non-core tenements located in the Leonora district of Western Australia comprising the Malcolm, Mt George, Mt Stewart, Rabbit Warren South, Braemore and Calypso Prospects ( Malcolm Project ).
Pursuant to the agreement previously announced on 14 April 2020, Torian granted Mt Malcolm an exclusive eighteen-month option to acquire the Mt Malcolm Project for consideration of $350,000 cash.
Exercise of the option by Mt Malcolm follows receipt by the company of conditional approval to be admitted to the official list of ASX.
This announcement has been authorised for release by the Board.
Peretz Schapiro Executive Director
Torian Resources Ltd [email protected]
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