Suche
 
Folgen Sie uns auf:

Deutsche Rohstoff Ag:

17.09.2012  |  DGAP
Deutsche Rohstoff AG: Sale agreement for Georgetown Gold Mine signed
Sales price AUD 16 million (EUR 13 million) in cash

Heidelberg/Brisbane. Deutsche Rohstoff AG sold its Georgetown Gold Mine,
located in North-Queensland, Australia, for AUD 16 million (EUR 13 million)
in cash. The buyer is JKO Mining pty Ltd, a company based in Hamilton
Brisbane, Queensland, Australia. The purchase was effected through the
acquisition of the shares of Deutsche Rohstoff Australia Pty Ltd (DRAU) who
owns the Georgetown Gold Project. Completion of the transaction is subject
to approval by the Australian 'Foreign Investment Review Board (FIRB)'. The
approval is expected to be granted within the next few days.

AUD 0.5 million (EUR 0.4 million) of the purchase price has already been
paid in June and August in the form of an exclusivity premium. Another AUD
9.5 million (EUR 7.7 million) is immediately payable, the rest of AUD 6
million will be paid in four instalments over the next 12 months. That
vendor loan bears interest at 7% and is secured by a mortgage over the
tenements held by DRAU.

Titus Gebel, CEO of Deutsche Rohstoff AG, said: 'We are very pleased that
the sale of Georgetown Gold Mine is now signed. We wish the purchaser every
success for the future. The area around Georgetown undoubtedly still has
considerable potential for gold production. '

DRAU, as a previously 100% owned subsidiary of Deutsche Rohstoff AG, is the
legal entity which holds the mining and exploration licenses, which are
important for the Georgetown Gold Mine. The gold processing plant in
Georgetown, Queensland, also belongs to the company. DRAU acquired the
Georgetown Gold Project in 2009 and commenced the mining of gold bearing
ores in late 2010. In the course of 2011, the company produced in excess of
13,000 ounces of gold and 9,000 ounces of silver. The purchaser is obliged
to rename the company after the acquisition.

Heidelberg, 17 September 2012

Deutsche Rohstoff AG (Heidelberg, Germany), listed in the Entry Standard
segment of Frankfurt Stock Exchange, is establishing a new primary
producer. The company's focus is placed on gold, oil & gas and so called
high tech metals such as tin, tungsten, and rare earth metals. All projects
are located in countries marked by political stability, the core area being
Germany. The business concept is based on redeveloping deposits, which have
been well explored in the past. For more information please visit
www.rohstoff.de.

Contact:

Thomas Gutschlag
+49 6221 871 000
gutschlag@rohstoff.de


End of Corporate News

Unternehmen: Deutsche Rohstoff AG - ISIN: DE000A0XYG76
Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!




Mineninfo
Deutsche Rohstoff AG
Bergbau
A0XYG7
DE000A0XYG76
Minenprofile
Alle Angaben ohne Gewähr! Copyright © by GoldSeiten.de 1999-2024.
Die Reproduktion, Modifikation oder Verwendung der Inhalte ganz oder teilweise ohne schriftliche Genehmigung ist untersagt!

"Wir weisen Sie ausdrücklich auf unser virtuelles Hausrecht hin!"