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JAMESON RESOURCES LIMITED — Capital/Financing Update 2011
Jul 20, 2011
65152_rns_2011-07-20_52948f46-0222-4479-afb8-0d8a172e2310.pdf
Capital/Financing Update
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Option Exercised on Crown Mountain
21 July 2011
ASX RELEASE
JAMESON RESOURCES LTD
ACN 126 398 294
Level 2, 79 Hay Street Subiaco , WA , 6008 Phone +61 (8) 9200 4473 Fax +61 (8) 9200 4463
Suite 800, 1199 West Hastings St Vancouver, BCV6E 3TS Phone +1 (604) 687 2038
CONTACT:
JOHN HOLMES
Executive Director [email protected]
DAVID PRENTICE
Non Executive Director [email protected]
ART PALM
Non Executive Director [email protected]
The Board of Jameson Resources Limited (“Jameson” or the “Company”) is pleased to announce that it has elected to exercise its Option Agreement (“Agreement”) on the Crown Mountain Coal Project (“Project”). Jameson will now have a direct ninety percent (90%) interest in the Project.
Jameson will pay C$25,000 to the Project vendor for the exercise of the Option. The required expenditure commitment has been extended to December 31, 2012. All other terms of the Agreement remain the same.
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WEBSITE
DIRECTORS:
Jeff Bennett (Non Exec. Chairman) John Holmes (Executive Director) David Prentice (Non Exec.Director) Art Palm (Non Exec.Director)
ASX CODE:
JAL (Fully paid Ordinary Shares)
Any enquiries regarding this announcement should be directed to Jameson’s Executive Director, John Holmes.
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John Holmes
The information pertaining to the technical content of this report has been reviewed by Mr John Holmes, who is a member of the Australian Institute of Geoscientists. Mr. Holmes is employed by Jameson Resources Ltd and 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’. Mr. Holmes consents to the inclusion in the report of the technical information in the form and context in which it appears.