Deutsche Rohstoff Ag:
22.10.2012 | DGAP
Deutsche Rohstoff AG: Sale of Georgetown Goldmine completedFIRB approval and AUD 10 million initial payment received
Heidelberg/Brisbane. Deutsche Rohstoff AG is pleased to report that the
sale of its Georgetown Goldmine in North Queensland, Australia, has been
completed today. The outstanding approval of the Australian Foreign
Investment Review Board was granted last week. The initial payment of AUD
9.5 Million was effected by the buyer, Brisbane-based JKO-Mining Ltd, with
completion. Another AUD 0.5 million was paid as exclusivity premium in June
and August. The remaining purchase price (AUD 6 Million) will be paid in 4
quarterly tranches over the next 11 months, according to the sales
agreement.
Heidelberg, 22 October 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 oil & gas and metals, especially
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