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HELIX RESOURCES LIMITED — Capital/Financing Update 2015
May 12, 2015
65059_rns_2015-05-12_17a8c7a3-16b9-4faf-bb7e-6522c0864466.pdf
Capital/Financing Update
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13 May 2015 The Manager Company Announcements Office ASX Limited Level 6, 20 Bridge Street SYDNEY NSW 2000
Dear Sirs
LODESTONE SETTLEMENT
Helix Resources Limited (Helix) wishes to advise that the Company has reached a settlement with Lodestone Equities Limited (Lodestone) regarding the sale of Olary Magnetite Pty Ltd (refer to ASX announcement 1 April 2015 and 24 April 2015).
Helix will receive 12.5 million Tigers Realm Coal Limited shares, with a current market value of $1.3m, and $25,000 cash from Lodestone to finalise the settlement. Helix has no immediate plans to liquidate the share component of this settlement.
The Company remains funded to advance its copper and gold assets in NSW and Chile, with cash and investments of approximately $3m.
On behalf of Helix Resources Limited.
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Michael Wilson Managing Director
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For further information:
Mick Wilson Managing Director [email protected] Ph: +61 8 9321 2644
Pasquale Rombola Chairman [email protected] Ph: +61 413 239 630
Helix Resources Limited A.C.N. 009 138 738 Incorporated in Western Australia 78 Churchill Ave, Subiaco WA 6008
P: +61 8 9321 2644 F: +61 8 9321 3909 www.helix.net.au
Email: [email protected]