A1 Consolidated Gold Ltd
ABN 50 149 308 921
ASX:AYC
Investment Highlights:
Advanced project on granted mining lease - fully operational mine site including underground development & infrastructure
Mineral Resources in accordance with the JORC Code (2012)
Indicated - 250,000 t @ 5.1 g/t
for 41,200 oz Au
Inferred - 1,170,000t @ 6.4 g/t for 240,000 oz Au
Board of Directors:
Chairman
Dale Rogers
Managing Director
Dennis Clark
Non-Executive Director
Dennis Wilkins
Company Secretary
Dennis Wilkins
Capital Structure:
250,016,873 Ordinary Shares
134,494,407 Listed Options
Contact:
Dennis Wilkins
Tel: +61 8 9389 2111 admin@a1consolidated.com
A1 Consolidated Gold ASX Release - 13 January 2015 Timing Update - Acquisition of Maldon Gold Operation from Octagonal Resources Limited
As announced on 29 December 2014, A1 Consolidated Gold Limited (ASX:AYC) (the Company), has entered into a Share Sale Agreement with Octagonal Resources Limited (ASX:ORS) to effect the acquisition of the Maldon Gold Operation, subject to the satisfaction of conditions precedent.
AYC is pleased to advise that both parties have been working together to satisfy the conditions precedent to the Agreement and are now working on the documentation for the relevant approvals of each company's shareholders.
To that end, the Company advises that the sunset date for fulfilment of the conditions precedent has been extended by one month to 31 March 2015.
The Company expects meeting materials, including a report by an Independent Expert, will be dispatched in late February for a shareholder meeting to approve the transaction in late March 2015.
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