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MACH7 TECHNOLOGIES LIMITED — Capital/Financing Update 2011
Aug 30, 2011
65285_rns_2011-08-30_3856f628-dfef-4032-b883-987320cbbfea.pdf
Capital/Financing Update
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ASX Announcement
EXTENSION OF OPTION TO ACQUIRE THREE RIVERS TENEMENTS
The Directors of Safety Medical Products Limited (ASX: SFP) are pleased to announce that they have successfully negotiated, and entered into a Deed of Variation, extending the Option Expiry Date of the Option Agreement to acquire key tenements in the Three Rivers Area of north western Australia. The specific Tenements are EL 52/2605, which is granted, and EL 52/2656 under application and pending grant.
The Company entered into the Option Agreement in March 2011 over the Tenements which are located South East of the Three River station in the Peak Hill goldfield, 200km to the North East of Meekatharra, Western Australia and comprise a total area of approximately 37 square kilometres.
The extension allows the Company more time to fully assess the prospectivity of the tenements as a precursor to determining whether it wishes to exercise the option. The extension, granted at a cost of $50,000, extends to Option Expiry Date to 15 January 2013.
Simon Lill Director
31 August 2011
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Safety Medical Products Limited Level 24, St Martin’s Tower 44 St George’s Terrace Perth Western Australia, 6000 ACN 007 817 192 Phone: (08) 6211 5099 Fax: (08) 9218 8875 Website: www.safemed.com.au
ASX Code: SFP
SafetyMed® is a registered trademark of Safety Medical Products Ltd