REY rey resources limited

2nd announcement - not market sensitive ....

  1. 3,605 Posts.
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    ... ASX Release
    22nd February 2010
    Sale of Chilean exploration assets allows increased focus on coal
    developments
    Highlights
    Agreement reached with China Yunnan Copper Australia Limited to divest
    Humitos copper exploration leases, Chile
    Sale consideration is $200,000 cash and 1.5% Net Smelter Return royalty on
    any future production, subject to completion of transfer documentation
    Divestment is consistent with Reys strategy of focussing on its Canning Basin
    Coal Projects
    Discussions continue on disposal of other non core assets
    ......
    ........... ende of announce ..........
    ...
    ...
 
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