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LEGEND MINING LIMITED — Capital/Financing Update 2009
Dec 13, 2009
65223_rns_2009-12-13_8ebec0bd-289e-46db-b51e-8238569c4eef.pdf
Capital/Financing Update
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14 December 2009
ASX Announcement
LEGEND COMPLETES INITIAL PAYMENT FOR CAMEROON IRON ORE PROJECT
Legend Mining Limited (ASX Code: LEG) is pleased to announce that, following shareholder approvals at the General meeting on 4 December 2009, the initial payment for the Cameroon Iron Ore Project has been completed.
Legend has issued 50 million shares to the vendors and made a payment of $170,000 to Camina SA in accordance with the Share Sale Agreement.
“We are now set to enter the exploration phase of this project over the next twelve months. The contractor to fly the aeromagnetic survey has been engaged and the survey is due to commence early in January,” Legend Managing Director Mr Mark Wilson said.
The exploration phase involves Legend spending a minimum of $1,000,000 on exploration activities on the Cameroon tenements over the next 12 months.
“I would like to thank all members of our team, both here and in Cameroon, who have worked very hard to deliver this outcome within 3 months of signing the Heads of Agreement”, said Mr Wilson.
Visit www.legendmining.com.au for further information and announcements.
For more information: Mr Mark Wilson Managing Director Legend Mining Limited Ph: (08) 9212 0600
Legend Mining Limited ABN 22 060 966 145 Level 2, 640 Murray Street West Perth Western Australia 6005 P.O. Box 626 West Perth Western Australia 6872
Telephone: +61 8 9212 0600 Facsimile: +61 8 9212 0611 Email: [email protected] Website: www.legendmining.com.au