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IMAGE RESOURCES NL — Capital/Financing Update 2011
Jul 28, 2011
65117_rns_2011-07-28_f66f5720-b6e0-4e0f-a419-14249a172627.pdf
Capital/Financing Update
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ABN 57 063 977 579
2nd Floor, 16 Ord Street West Perth WA 6005 PO Box 644 West Perth WA 6872 Telephone 08 9485 2410 Facsimile 08 9485 2840 [email protected] www.imageres.com.au
ASX Release ASX Code: IMA 29 July 2011
REMAINING 30% OF COOLJARLOO ACQUIRED
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Image Resources has purchased Metal Sands’ 30% interest in the Cooljarloo Joint Venture for $100,000 cash plus 3 million ordinary fully paid Image shares, escrowed for twelve months, bringing Image’s interest to 100%.
Image considers the consolidation will simplify future project financing.
The relativity of the foreign exchange rate to heavy mineral commodity pricing has materially improved in the last six months, which augurs very well for the commercialisation of the North Perth Basin Project.
For more information on the company visit www.imageres.com.au
Please direct enquiries to: George Sakalidis Roger Thomson Managing Director Executive Director Phone (08) 9485 2410 Phone (08) 9485 2410 Mob 0411 640 337 Mob 0419 969 183
The information in this report is based on information compiled by George Sakalidis BSc (Hons), who is a member of the Australasian Institute of Mining and Metallurgy. George Sakalidis is a Director of Image Resources NL. George Sakalidis has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. George Sakalidis consents to the inclusion of this information in the form and context in which it appears in this report.