LCL 9.09% 1.0¢ lcl resources limited

Ann: Drilling intercepts interpreted core of porphyry gold system, page-59

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  1. 797 Posts.
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    No don't have that but from 9th of June the start of the 2m partnership announcement following announcement was made for Drill Rig Purchase that we are now eagerly awaiting to arrive onsite to start drilling gold porphyry holes for us....

    Under the terms of the SPA, Los Cerros has the discretion to pay for the PO in cash or in shares using
    a 20-day VWAP. The Company advises that the first PO totalling approximately A$650,000 will be
    satisfied by the issue of new LCL shares at a deemed issue price of $0.0525 per share.

 
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