DGAP-News: Dragon to sell Base Metal & PGM Projects in Finland

Donnerstag, 20.05.2004 06:32 von 

 Companies Announcement Office
 Australian Stock Exchange
 20 Bridge Street
 SYDNEY  NSW  2000

 Dragon to sell Base Metal and Platinum Group Metal projects in Finland

 Dragon Mining has entered into a Heads of Agreement (subject to due diligence)
 with Mokuti Mining Ltd (Mokuti) to sell 4 non gold exploration projects that
 Dragon acquired at the time of the acquisition of the Outokumpu precious metal
 assets in 2003.  This will enable Dragon to focus on its extensive gold assets
 in Sweden and Finland while obtaining value for the non gold assets via its
 shareholding in Mokuti.

 Dragon will receive in consideration 10 million shares and 10 million options
 exercisable at 20 cents before 31 December 2006, accounting for approximately
 33% of the expanded shareholder base.

 In addition, the agreement incorporates the use of Dragon's staff in Finland
 who
 have experience with the projects and exploration for base and platinum group
 metals in Finland which will provide Mokuti with a skilled resource base while
 defraying Dragon's Finnish costs.

 Further details are included in the Mokuti announcement.

 Yours faithfully
 DRAGON MINING NL
 Dr JAMES SEARLE
 M AusIMM, MSMA
 Chief Executive Officer and Director

 View the full PDF version of the Mokuti Mining Limited release to the
 Australian
 Stock Exchange at Dragon's website at www.dragon-mining.com.au

 end of message, (c)DGAP 20.05.2004
 -------------------------------------------------------------------------------

 WKN: 880207; ISIN: AU000000DRA1; Index:
 Listed: Freiverkehr in Frankfurt; Australian Stock Exchange

 200632 Mai 04
 AGENTUR       : DGA
 MELDUNGSNUMMER: DGA0001
 RESSORT       : WB
 DESKRIPTOR    : WKN_880207/ISIN_AU000000DRA1/TYP_NEWS/KUERZEL_DRM/LAND_AU/LANG_
                 EN
 KEYS          : AG_DGA RS_WB DA_20040520 JA_2004 MO_200405 DB_DADHOC
 EMITTENT      : Dragon Mining NL
 DOCSRC        : DGA

Weitere Themen

Weitere Themen »