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Metals X Limited — M&A Activity 2015
Jul 9, 2015
10401_rns_2015-07-09_a20b1265-2cd8-4f5b-b001-e8e9e6cb009a.pdf
M&A Activity
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PRESS RELEASE
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10 JULY 2015
ACQUISITION OF GEORGES REWARD PROJECT
The directors of Metals X Limited (Metals X) are pleased to advise that they have reached agreement with Northern Mining Limited (79%) and Balagundi Pty Ltd (21%) to acquire the outright interests in E25/268 and the beneficial rights of MLA 25/357 covering the Georges Reward Project at Bulong in Western Australia.
The consideration is a cash sum of $4.5 million.
The Georges Reward Project is contiguous with the Cannon Project of Southern Gold Limited with which Metals X has a contract management and profit sharing agreement from the mining of the Cannon deposit which is due to commence in the ensuing months.
End
ENQUIRIES
Peter Cook Warren Hallam Executive Director & CEO Executive Director e: [email protected] e: [email protected]
Rod Corps Manager – Investor Relations e: [email protected]
Level 3, 18–32 Parliament Place [email protected] West Perth WA 6005 www.metalsx.com.au Australia
ASX Code: MLX OTCQX Code: MLXEF