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VYSARN LIMITED — Capital/Financing Update 2016
Dec 11, 2016
66029_rns_2016-12-11_c7cd424b-6d2a-4cbc-8c1a-0567ff8c6210.pdf
Capital/Financing Update
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MHM Metals Limited Level 4, 100 Albert Road South Melbourne VIC 3205 AUSTRALIA
T: +613 9692 7222 F: +613 9077 9233 E: [email protected] www.mhmmetals.com
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ASX Announcement
12 December 2016
MUTUAL TERMINATION OF THE PROPOSED MERGER WITH ALLIANCE MINING COMMODITIES LIMITED
MHM Metals Limited ( MHM or the Company ) (ASX: MHM) advises that further to the market announcement dated 15 November 2016, MHM and Alliance Mining Commodities Limited (AMC) have mutually agreed to terminate the merger term sheet entered into between the parties and the MHM Loan Facility.
Capital Structure
Ordinary shares on issue: 136,228,616
The Company confirms that no funds were advanced under the terms of the Pre-completion funding agreement.
With significant cash reserves, the Company will continue to advance a number of potential opportunities it has identified where its balance sheet can be applied to add value to the benefit of MHM shareholders.
Trading in MHM shares will remain suspended on ASX until such time as the Company has identified a suitable new opportunity and has met the necessary requirements under ASX Listing Rule 11.1 that may apply in relation that opportunity (including re-complying with Chapters 1 and 2 of the ASX Listing Rules, to the extent required).
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For more information :
MHM Metals Limited Joseph van den Elsen, Managing Director: +61 3 9692 7222
MHM Metals Limited ABN 41 124 212 175
Registered Office: Level 4, 100 Albert Road, South Melbourne VIC 3205| Tel: 03 9692 7222 | Fax: 03 9077 9233 | E: [email protected] | www.mhmmetals.com