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VYSARN LIMITED — Capital/Financing Update 2012
Aug 15, 2012
66029_rns_2012-08-15_9c818f3c-ffad-44ab-a9c9-3c125862c868.pdf
Capital/Financing Update
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Company Update
ASX Release – 16 August 2012
Options
MHM is pleased to announce that a major shareholder has exercised 4.8 million options in the last few days, demonstrating confidence in the company going forward. This shareholder has also signed an agreement to fully underwrite any and all options not exercised by the expiry date of 31 August 2012. This gives MHM great certainty around cash-flow for future operations and expansion.
ASX Codes MHM, MHMO
Issued Capital
114.1 Ordinary Shares 14.1 Listed Options
Substantial Shareholders
Operations
During last week the Geelong plant received 300 tonnes of salt slag from Alcoa and 50 tonnes of dross from Sims. The plant processed approximately 620 tonnes of salt slag during the week, with the weekend again used for maintenance and minor plant changes. In addition the plant has processed over 400 tonnes in the first 3 days of this week. The plant continues to push towards continuous 5 day operation as soon as possible, before then extending to 6 days per week. It is not expected that the plant will run continuously 24 hours per day, 7 days per week into the future as there will always be maintenance requirements and these generally cannot be carried out with the plant running.
Brazil Farming Pty Ltd 8.82% Rogers Southern PL 10% Directors 13% Top Twenty 34%
Directors
Chairman - Basil Conti Managing Director – Phil Thick Executive Director - Ben Mead Executive Director - Simon Wells
Contact:
PO Box 21 KINGSTON TAS 7051
T: +61 (0)3 6229 9955 F: +61 (0)3 6229 8430 W: www.mhmmetals.com E: [email protected]
ABN: 41 124 212 175
FURTHER INFORMATION:
Rudi Michelson Monsoon Communications +61 (0)3 9620 3333 [email protected]
MHM ASX RELEASE – 16 AUGUST 2012 Company Update
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