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Converting Note Redeemed
Ghana focused gold explorer and developer Azumah Resources Limited (ASX:AZM) (�Azumah� or �the Company�) advises that it is to redeem its $2 million Converting Note provided by Ausdrill Limited (ASL: ASX)(�Ausdrill�) through the payment of $1 million cash and the issue of 22,727,273 shares at a price of $0.044 each, being the same price as the recently completed share placement and Shareholders Purchase Plan.
The preferred contractor status of Ausdrill and its African contract mining services subsidiary, African Mining Services (�AMS�) will continue until 1st August 2017.
Azumah and Ausdrill have worked closely since the Note was issued (refer ASX release dated 28th January 2014) to enhance and advance Azumah�s Wa Gold Project, in north-west Ghana (�Project�) and will continue to do so.
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Azumah Resources Limited
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EN DÉVELOPPEMENT |
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CODE : AZM.AX |
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ISIN : AU000000AZM5 |
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Azumah Res. est une société d’exploration minière d'or basée en Australie. Son principal projet en développement est WA au Ghana et ses principaux projets en exploration sont KUNCHE et BEPKONG au Ghana. Azumah Res. est cotée en Australie. Sa capitalisation boursière aujourd'hui est 18,6 millions AU$ (12,4 millions US$, 11,5 millions €). La valeur de son action a atteint son plus haut niveau récent le 05 novembre 2010 à 0,83 AU$, et son plus bas niveau récent le 02 août 2019 à 0,01 AU$. Azumah Res. possède 582 569 984 actions en circulation. |