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Castle Minerals Limited
27 April 2016
ASX Announcement
ASSIGNMENT OF JULIE WEST SALE AGREEMENT
Castle Minerals Limited (ASX:CDT) has consented to the assignment of the right to acquire the Julie West project from Bunda Resources Pty Ltd to Azumah Resources Ltd (ASX:AZM).
The terms of the sale of Julie West was set out in the Company's ASX release dated 28 September 2015. The commercial terms have substantially remained the same save for a 12 month extension to complete if required. The covenants and agreements of the parties contained in or implied by the Put Option and Sale Deed otherwise remain in full force and effect.
The Company was satisfied that the assignment would provide a greater probability that the transaction would complete and for the Company to receive the final payment due and royalty.
Ian Hobson
Director & Company Secretary
2/11 Ventnor Ave, West Perth WA 6005
PH: +618 9322 7018 E: [email protected] www.castleminerals.com
ACN 116 095 802
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Castle Minerals Limited
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EXPLORATION STAGE |
CODE : CDT.AX |
ISIN : AU000000CDT3 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Castle Min. is based in Australia. Castle Min. holds various exploration projects in Ghana. Its main exploration properties are ANTUBIA, BANSO, SUNYANI BASIN, BONDAYE, OPON MANSI, PAPASE, AKOKO, WA PROPERTY, BAAYUIRI and JULIE WEST in Ghana. Castle Min. is listed in Australia and in Germany. Its market capitalisation is AU$ 511 110 as of today (US$ 344 600, € 314 861). Its stock quote reached its highest recent level on November 12, 2010 at AU$ 0.64, and its lowest recent point on October 10, 2024 at AU$ 0.00. Castle Min. has 170 370 000 shares outstanding. |