News Column

Metaliko Resources Ltd. - Bronzewing Project Acquisition

July 1, 2014

ENP Newswire - 01 July 2014

Release date- 27062014 - Metaliko Resources Ltd (ASX: MKO) is pleased to advise that today the Company settled the purchase of the Bronzewing Gold Project by payment of the cash sum of $3,000,000 and issue of 33,333,333 fully paid MKO shares.

The settlement was completed using loan funds provided by Dr Michael Ruane and Tyson Resources Pty Ltd a company controlled by M Ruane who is a Director of the Company.

Tyson has agreed to partially underwrite the Rights Issue outlined in the Prospectus lodged on 19 June 2014. The issue is also sub underwritten to the extent of ca $2.5 million by ActivEx Ltd, an ASX listed exploration company (ASX: AIV).

Upon completion of the proposed capital raising, Metaliko will proceed with evaluation of the numerous highly prospective exploration targets in the Bronzewing Project area and further development works on the Company's gold resources in the Kalgoorlie region.


Metaliko Resources Limited

159 Stirling Highway

Nedlands WA 6009

Tel: 08 9386 9534

Fax: 08 9386 9473

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: ENP Newswire

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters