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NEOMETALS LTD — Capital/Financing Update 2013
Sep 23, 2013
65430_rns_2013-09-23_87a44c0e-d016-468c-86a4-903838acb5aa.pdf
Capital/Financing Update
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Level 1, 672 Murray St West Perth WA 6005 Locked Bag 8 West Perth WA 6872 Tel: + 61 8 9322 1182 Fax: + 61 8 9321 0556
ASX RELEASE
24 September 2013
Sale of Nimbus Zinc Royalty
Reed Resources Ltd (ASX: RDR) ( Reed or the Company ) is pleased to announce that it has reached agreement with Macphersons Resources Ltd (ASX: MRP) for the extinguishment of Reed’s 1% zinc royalty over MRP’s Nimbus Project. Reed has agreed to the extinguishment of the royalty in exchange for $200,000 worth of MRP shares, based on the 5 day VWAP for MRP shares prior to the date of issue. The transaction is conditional upon the parties executing a formal Deed of Release and Extinguishment in relation to the royalty within 14 days.
ENDS
For further information please contact :
Chris Reed
Reed Resources Ltd
T: +61 8 9322 1182
About Reed Resources
Reed Resources Ltd (ASX: RDR, OTC: RDRUY) is a Western Australian resource developer.
Reed Resources’ American Depositary Receipts (ADR’s) trade under the code RDRUY (CUSIP Number: 758254106). Each Reed Resources ADR is equivalent to 10 ordinary shares of Reed Resources as traded on the ASX. The Bank of New York Mellon is the depository bank.
Website: www.reedresources.com
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