Microsoft Word - ZGM - EcoTech
ASX: ZGM
25 May 2016
Company Announcements Office ASX Limited
20 Bridge Street
Sydney, NSW 2000
The Board of Zamia has resolved to terminate the Heads of Agreement with EcoTech Mining Pty Ltd as announced to the ASX on 7 December 2015.
Zamia had made an extensive application on the application of Chapter 11 of the ASX Listing Rules. However, based on a decision by the ASX on 11 May 2016 that the proposed acquisition of EcoTech Mining Pty Ltd would require Zamia to re-comply with Chapters 1 and 2 of the ASX Listing Rules, Zamia has made the decision not to proceed with the proposed acquisition and is looking for alternative transactions.
Zamia remains focused on the Company's exploration targets in Central Queensland.
John Stone Company Secretary
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ZAMIA Metals Limited
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Level 8, 275 George Street
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PO Box 4147
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T: + 61 2 8223 3744
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[email protected]
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ABN: 73 120 348 683
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Sydney NSW 2000 Australia
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Sydney NSW 2001 Aus
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F: + 61 2 8223 3799
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www.zamia.com.au
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