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WEEBIT NANO LTD — Capital/Financing Update 2014
May 6, 2014
66042_rns_2014-05-06_013c59e6-46fe-4360-812b-f4c428b5f51f.pdf
Capital/Financing Update
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Completion of Major Acquisition
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ACN 146 455 576
ASX Release
07 May 2014
Suite 7, 55 Hampden Rd Nedlands WA 6009 PO BOX 994 Subiaco WA 6904
Radar Iron Ltd is pleased to announce completion of the previously announced acquisition (on 24 April 2014) of a major WA iron ore project, including the Yerecoin Prospect.
Settlement has occurred with the first payment tranche being made.
Radar will now actively commence detailed project assessment aimed at rapidly developing the project as outlined previously.
Radar considers this to be a major development for the Company with the acquisition marking a change in focus from project acquisition to project development.
P + 61 8 9389 9919 F + 61 8 6389 0576 E [email protected] W www.radariron.com.au
Contact:
Jonathan Lea Managing Director E [email protected]
Damon Sweeny Company Secretary E [email protected]
For and on behalf of Radar Iron Ltd
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Jonathan Lea Managing Director
Directors:
Alan Tough - Chairman Jonathan Lea - Managing Director Ananda Kathiravelu - Non-Executive
Issued Capital: 98,540,070 Ordinary Shares 7,675,000 Unlisted Options
ASX Code:
RAD (Fully Paid Ordinary Shares)
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Radar Project Areas – Western Australia
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