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PEPPERMINT INNOVATION LIMITED — Capital/Financing Update 2011
Jun 9, 2011
65563_rns_2011-06-09_522f7090-0d57-4d56-91a1-8bfbd941f16b.pdf
Capital/Financing Update
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CHRYSALIS SUCCESSFULLY SECURES STATE GOVERNMENT EXPLORATION GRANT
10[th] June 2011
Chrysalis Resources Limited (“ Chrysalis ”) is pleased to announce that two of its projects, Doolgunna West and Pioneer, in Western Australia have successfully been awarded $183,000 by the Western Australia State Government under the Exploration Initiative Scheme ( EIS ).
Chrysalis was awarded $155,000 in grant monies for a deep diamond hole (500 metres) to be drilled at our Doolgunna West project in the Narracoota Volcanics in the Bryah Basin and a further $28,000 for a RC drill programme at our Pioneer project in Norseman.
The EIS is a State Government initiative encouraging exploration in Western Australia providing support to the sustainability of exploration in the resources sector. The grant is awarded to companies that undertake innovative drilling activity over high quality economically focused projects exhibiting new concepts, ideas and technology that may lead to new discoveries of economic mineralisation.
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Dr Neale Fong Executive Chairman
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Mel Cotterell Company Secretary
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----- Start of picture text ----- Chrysalis Resources Limited Company Snapshot Company Structure Board ManagementLevel 1 Listed on ASX 27 May 2008 No of Shares on Issue 44,895,801 Dr Neale Fong331 Hay Street Executive ChairmanSUBIACO WA 6008 ASX Share Code CYS No of Options on Issue 35,036,327Mr Adrian PaulPO Box 226, Wembley WA 6913 Sector Mining Cash (as at 30 [th] Apr 11) $0.5M Non-Executive DirectorPhone: 618 9380 4430 Mr Grant KidnerFax: 618 9481 5044 Non-Executive DirectorE: [email protected]www.chrysalisresources.com.au Mel CotterellCompany Secretary----- End of picture text -----