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ZENITH MINERALS LIMITED — Capital/Financing Update 2009
Dec 14, 2009
66123_rns_2009-12-14_c4a66bae-2ad5-4e02-bdb8-3eec1b4868b8.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
SETTLEMENT OF SALE OF LENNARD SHELF TENEMENTS
The Directors of Zinc Co are pleased to announce that final settlement took place today for sale of the Company’s Lennard Shelf tenements to Meridian Minerals Limited (Meridian) ( previously reported to the market 7[th] October 2009).
The sale price is $150,000 in cash and 2,000,000 Meridian shares valued at the volume weighted average price (VWAP) over the 20 days preceding settlement, of $0.0848447 per share.
G Comb Chairman
Perth 15 December 2009
About Zinc Co
Zinc Co is a Perth based company focused on increasing shareholder value by the identification, exploration and development of zinc and other base metal deposits, principally in Australia. Zinc Co listed on the Australian Securities Exchange (ASX) in May 2007 (ASX Code ZNC ) with five projects in Western Australia. All of the projects have significant drill intercepts of zinc mineralisation at relatively shallow depth.
The management and board of Zinc Co have extensive experience in exploration and development of base metal deposits.
Level 3, 33 Ord Street, West Perth, Western Australia 6005 PO Box 1426, West Perth, Western Australia 6872 Tel: (+61-8) 9226 1110 Fax: (+61-8) 9321 0070 www.zincco.com.au; [email protected]