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PATERSON RESOURCES LTD — Capital/Financing Update 2014
Aug 24, 2014
65618_rns_2014-08-24_e9cb0faa-d6f7-4d23-8e4f-b70b1a6e4781.pdf
Capital/Financing Update
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25 August 2014 ASX Limited
SHARE SUBSCRIPTION AGREEMENT – COMPLETION
The Directors of Elysium Resources (EYM) are pleased to advise that the Company has completed the Share Subscription Agreement with Blumont Group Ltd (“Blumont”), which was announced on 7 August 2014
Pursuant to the agreement Blumont has subscribed 100,000,000 ordinary shares in the capital of Elysium at an issue price of 1 cent per share (with one free option per share).
The options will have an exercise price of 1.4 cents each and expire 30 November 2014.
Under the terms of terms of the Subscription Agreement and in consideration of issuing the Elysium shares, Elysium has subscribed for 26,380,953 ordinary shares in the capital of Blumont to the value of A$1,000,000. It is Elysium’s intention to dispose of the Blumont shares to fund its operations.
Blumont Group Ltd is listed on the Singapore Stock Exchange trading under the symbol “BLUM”. It is a Singapore Investment Company specializing in strategic investments of steel making raw materials, base metals, agriculture, precious metals & stones and logistics infrastructure.
Mark Ohlsson Company Secretary
Elysium Resources Limited
ABN 45 115 593 005 Suite 705, 3 Spring Street, Sydney NSW 2000 PO Box H238, Australia Square NSW 1215 Phone: +61 2 9247 7744 Fax: +61 2 9247 7244 Email: [email protected] Web: www.elysiumresources.com.au
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