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LIVIUM LTD — Capital/Financing Update 2014
Jun 22, 2014
65239_rns_2014-06-22_9e334b3e-18dc-4915-9037-6a0fbf2f101d.pdf
Capital/Financing Update
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NEWS RELEASE
JUNE 23, 2014
SOUTHERN HEMISPHERE RETAINS MANTOS GRANDES COPPER–GOLD PROJECT, CHILE
Southern Hemisphere Mining Limited (ASX: SUH ) (“Southern Hemisphere” or the “Company”) advises that the farm-in agreement executed in 2013 between the Company and Cobre Montana NL (ASX: CXB) with respect to the Mantos Grandes Copper-Gold Project (the “Project”) has ended.
Per the terms of the farm-in agreement, CXB was required to provide an election to proceed with the Project. The Company has not received this election and the Company has terminated the farm-in agreement. As a result, the Company retains its 100% interest in the Project having banked $350,000 in farm-in option payments as well as related exploration management fees.
Other parties have expressed an interest in the Project and the Company will explore these opportunities in due course. The Company remains focussed on its operations in the Coquimbo region.
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For further information please contact:
Trevor Tennant – (Managing Director, Southern Hemisphere Mining) +56 (2) 474 5071 Media Enquiries – Nicholas Read (Read Corporate) +61 (8) 9388 1474
About Southern Hemisphere Mining Limited
Southern Hemisphere Mining Limited (ASX Code “ SUH ”) is an emerging copper-gold explorer and developer in Chile, South America , the world’s leading copper producing country and one of the most prospective regions of the world for major new copper discoveries.
The Company’s focus is the Coquimbo region of Central Chile on the lower Coastal Cordillera where the Company has two key projects: the Los Rulos Copper-Gold Project and the Llahuin Copper-Gold Project, both joint ventured with global miner Lundin Mining Corporation .
Further details on Southern Hemisphere can be found at www.shmining.com.au
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ASX: SUH AUSTRALIAN OFFICE CHILEAN OFFICE ABN: 17 140 494 784 Suite 7, 1200 Hay Street Minera Hemisferio Sur SCM www.shmining.com.au West Perth WA 6005 Office 41, Zurich 255 TEL: +61 8 9481 2122 Las Condes, Santiago TEL: +56 2 474 5071