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Brisbane, April 28, 2010 (ABN Newswire) - The Greenvale and Lucknow tenements were purchased from Straits Resources Ltd (
ASX:SRL) and Resource Mining Corporation (ASX:RMI) in December 2009 for a total consideration of A$650,000 cash (which was paid immediately), and 3.33 million Metallica Minerals Limited (ASX:MLM) ordinary shares (escrowed until 16 June 2010) at a deemed price of A$0.30 per share (refer to ASX release dated 21 December 2009) to be issued upon completion of the tenement transfer.
The transfer of the Greenvale and Lucknow tenements has now been finalized and as of the 1st April 2010, these tenements are held 100% by Greenvale Operations Pty Ltd (a wholly owned subsidiary of Metallica). Following the transfer of the tenements the 3.33 million Metallica shares have been issued and an ASX Appendix 3B is attached to this release. (See the link at the bottom.)
The tenements cover the historical Greenvale Mine site and the nearby Lucknow tenements.
Metallica is currently carrying out a drilling program on both the Greenvale and Lucknow tenements.
For the complete Metallica Minerals Limited announcement including the Appendix 3B, please click the following link:
http://www.abnnewswire.net/media/en/docs/62715-ASX-MLM-220240.pdf
ASX:SRL) and Resource Mining Corporation (ASX:RMI) in December 2009 for a total consideration of A$650,000 cash (which was paid immediately), and 3.33 million Metallica Minerals Limited (ASX:MLM) ordinary shares (escrowed until 16 June 2010) at a deemed price of A$0.30 per share (refer to ASX release dated 21 December 2009) to be issued upon completion of the tenement transfer.The transfer of the Greenvale and Lucknow tenements has now been finalized and as of the 1st April 2010, these tenements are held 100% by Greenvale Operations Pty Ltd (a wholly owned subsidiary of Metallica). Following the transfer of the tenements the 3.33 million Metallica shares have been issued and an ASX Appendix 3B is attached to this release. (See the link at the bottom.)
The tenements cover the historical Greenvale Mine site and the nearby Lucknow tenements.
Metallica is currently carrying out a drilling program on both the Greenvale and Lucknow tenements.
For the complete Metallica Minerals Limited announcement including the Appendix 3B, please click the following link:
http://www.abnnewswire.net/media/en/docs/62715-ASX-MLM-220240.pdf
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About Metallica Minerals Limited
Metallica Minerals Limited (Metallica) was incorporated in 1997 by Founding and Managing Director Andrew Gillies. Metallica was established with the primary objective of creating opportunity and wealth for its shareholders through the evaluation and development of mineral projects in Queensland. Metallica was listed on the Australian Stock Exchange November 2004 (ASX:MLM). Metallica's focus and flagship project is its North Queensland Nickel Cobalt (NORNICO)
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>>>        Metallica Minerals Limited>>> Resource Mining Corporation Limited >>>   Straits Resources Limited |
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