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VYSARN LIMITED — Capital/Financing Update 2016
Feb 24, 2016
66029_rns_2016-02-24_48244fe0-09c0-4057-8d1e-d3ceb0671b35.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
25 February 16
AGREEMENT OF SALE - US PROPERTY
Further to the announcement dated 19 November 2015, MHM Metals (ASX: MHM) is pleased to announce that the Letter Of Intent to Purchase the Company signed with a US based group, for the sale of the property located in Russellville, Ky, has now been formalised into an Agreement of Sale.
Settlement is scheduled for 17 March 2016 in the amount of US$550,000, with a non-refundable deposit of US$55,000 already paid into an escrow account.
MHM Metals will keep the market informed as it moves towards settlement.
Company Snapshot
Capital Structure
Ordinary shares on issue: 141,119,156 Market Cap (at 3c): $4,233,575 Cash (as at 10 Feb. 16): c$8,000,000
Directors
Joseph van den Elsen (Managing Director) Paul Kopejtka (Non-Executive Chairman) Chris Goodman (Non-Executive Director)
Company Secretary
Justin Mouchacca
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For more information :
MHM Metals Limited Joseph van den Elsen, Managing Director: +61 421 849 433
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