Mongolian Resource Corporation Ltd. (ASX:MUB)
Alamar Resources Limited (ALG.AX)
(ASX: ALG.AX) (AU:ALG)
Suite 9, 1200 Hay Street
West Perth, WA 6005
Tel: +61 8 6460 4960
Fx: +61 8 9324 3045
ABN: 83 127 620 482
Alamar Resources Ltd is a company formed to explore for and develop mineral resources. The Company is focussed on its Western Australian Mandilla Well and Aragon Joint Venture gold project, located in the highly prospective Yandal greenstone belt which hosts major gold deposits such as Bronzewing, Nimary - Jundee and Mt McClure. The Company is also applying for Uranium exploration ground in Western Australia. The Company is listed on the Australian Securities Exchange.
The directors of Alamar Resources Limited (ASX Code ALG, "Alamar", or the "Company") are pleased to announce the Company has entered into a conditional agreement to acquire 100% of MRCMGL LLC ("Mongolian Resource Company" or "MRC"). The Agreement is conditional upon the completion of a capital raising of not less than AUD 5,000,000, due diligence on MRC and its assets to the sole satisfaction of Alamar and all necessary shareholder and regulatory approvals. The directors of Alamar believe that the MRC business provides an attractive opportunity to complement the current assets and strategies of Alamar. To date, Alamar has entered into direct tenement acquisitions and joint ventures to explore for natural resources, namely Gold and other base metals such as Copper and Uranium. The proposed acquisition strategy of MRC is considered in line with Alamar current strategy. Please refer to ASX annoucement dated 27 October 2010 'Acquisition of Mongolian Resource Company' for full details, disclosures and conditions of the acquisition.
Important Company Highlights:
MRC acquisition update
Share register: Security Transfer Registrars Pty Ltd
770 Canning Highway
Applecross WA 6153
Solicitors Steinepreis Panagin
Lawyers and Consultants
Level 4, Next Building
16 Milligan Street
Perth WA 6000
Bankers National Australia Bank
Level 1, 1238 Hay Street
West Perth WA 6005
Auditors HLB Mann Judd
Level 4, 130 Stirling Street
Perth WA 6000
All messages, including iBox content, are the opinion of the posters, are no substitute for your own research, and should not be relied upon for stock trading or any other purpose.
Also, keep in mind that moderators may or may not have a position in said stock. Being a moderator isn't a sign of endorsement.
Please keep your posts on topic because your message(s) will probably be deleted when:
* Posting content that's off-topic to the subject of this board;
* Posting statements that don't add value to the discussion; or
* When you violate any other posting term of the iHub User Agreement: http://investorshub.advfn.com/boards/complex_terms.asp