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LIVIUM LTD — Capital/Financing Update 2017
Feb 5, 2017
65239_rns_2017-02-05_3b7ef7c4-5459-44e8-b68c-9fa6c5219bc7.pdf
Capital/Financing Update
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ASX Announcement
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6 February 2017
| C | OMPANY DETAILSBN:62 147 346 334RINCIPAL ANDEGISTERED OFFICEarkway Minerals NLevel 1, 675 Murray St.est Perth WA 6005OSTAL ADDRESSO Box 1088est Perth WA 6872www.parkwayminerals.com.au | PARKWAY MINERALS ENTERS AGREEMENT WITH LITHIUM AUSTRALIAREGARDING PARKWAY SHAREHOLDING IN LEPIDICO LTD |
| APRPLWPPWWE P F APFAOPCIN63116BA(P(C(N( | ||
| Parkway Minerals (PWNor theCompany) announces that it has reached anagreement with Lithium Australia NL (LIT) regarding 97 million Lepidico (LPD)shares owned by the Company.LIThas announced a takeover offer for all of the shares of LPD (refer ASXannouncement byLIT, 6 Feb 2017). The Company has agreed to sell its 97 m LPDshares, subject to various conditions, common for this form of transaction, asshown in the attached agreement.For further information contact:Parkway Minerals NL:Patrick McManusManaging DirectorTel: +61 (0)8 9479 5386Email: [email protected]Web: www. parkwayminerals.com.auATTACHMENT: Agreement between Parkway Minerals and Lithium AustraliaAbout Parkway MineralsParkway Minerals (ASX:PWN) is an exploration company focused on developing large greensanddeposits in Western Australia’s Perth Basin. The Company has defined a substantial resource baseand is investigating how best to recover phosphate, potash and other minerals from the DandaraganTrough. The project is well situated in relation to infrastructure, with close access to rail, power andgas. A successful commercial outcome will allow the Company to become a major contributor tothe potash and phosphate markets at a time of heightened regional demand.The Company has a major land holding over one of the world’s largest known glauconite deposits,with exploration licenses and applications covering an area of over 2,000km2. Previous explorationindicates glauconite sediments are widespread for more than 150km along strike and 30km in width.Current JORC compliant Indicated Mineral Resources stand at 250Mt at 2.9% P2O5 of phosphatemineralisation and 175Mt at 4.2% K2O, amenable to processing by the K-Max process (ASX release:3June 2015). A pre-feasibility study is in progress for stage 1, production of phosphate fertilisers.The company owns 26% of , Davenport Resources (ASX:DAV) which owns a potash explorationproject in the South Harz region of Thuringia, in Central Germany. The region has been a potashproducing area for over 100 years. | ||
| [email protected] | ||
| +61 8 9479 5386+61 8 9475 0847SX CODEWNRANKFURT CODE1JH27TC PINK CODEWNNYORPORATEFORMATIONFebruary 201750M Ordinary shares23M Partly paid shares8M Listed OptionsM Unlisted optionsOARD OF DIRECTORSdrian GriffinNon-Executive Chairman)atrick McManusManaging Director)hew Wai ChuenNon-Executive Director)atalia StreltsovaNon-Executive Director) |
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