Minemakers Limited: Termination of Verte Mandate
TORONTO, ONTARIO -- (Marketwire) -- 05/24/11 -- Minemakers Limited(TSX: MAK)(ASX: MAK)(NSX: MMS) advises that Minemakers and Verte Group Ltd have agreed to an early termination of the agreement between the two companies concerning facilitation of pre-EPC and EPC Asian investment in Minemakers to fund development of the Wonarah phosphate deposit.
The termination is effective immediately.
Minemakers is now free to pursue alternative funding and development options for the Wonarah phosphate deposit.
Andrew Drummond, Managing Director
ABN 48 116 296 541
Contacts:
Minemakers Limited
Mr Andrew Drummond
Managing Director
61 8 9264 7000
61 8 9264 7099 (FAX)
Minemakers Limited
Mr Dean Richardson
Corporate Business and Investor Relations Manager
61 8 9264 7000
61 8 9264 7099 (FAX)
www.minemakers.com.au
Collins Street Media
Mr Ian Howarth
Manager (Vic)
0407 822 319