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MACRO METALS LIMITED — Capital/Financing Update 2012
Jan 10, 2012
65283_rns_2012-01-10_5b88f0e1-80e7-4a28-8b88-85e4aea71ff2.pdf
Capital/Financing Update
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11 January 2012
Energio Limited
ABN: 28 001 894 033
21 Teddington Road Burswood WA 6100
The Company Announcements Platform ASX Limited
By E-lodgement
PO BOX 6918 East Perth WA 7892
T: (08) 9468 2333 F: (08) 9355 4580
www.energio.net.au
ASX Announcement
EXTENSION TO COMPLETION DATE and EXPLORATION UP-DATE
The Directors of Energio Limited (ASX:EIO) advise that the date for the completion of the Conditions Precedent under the respective Deeds between Energio and TGP and Bedford has been extended to 31[st] January 2012.
The Company expects that the analysis results of the first sets of drill samples will be available and released to the market in the week beginning 16[th] January 2012. The flow of drill samples from Nigeria to Ghana for preparation prior to laboratory processing in Australia is now established and working satisfactorily.
There will be a short delay of approximately one week for the recommencement of drilling operations due to an industrial dispute relating to fuel supply in Nigeria. This delay will not affect the schedule for the drilling program which is expected to be completed in the second quarter of 2012 as originally planned. This delayed start will not impact the sample preparation and release of sample analysis results as they become available.
Yours faithfully
Sean Henbury
Company Secretary