AAG 0.00% 28.0¢ aragon resources limited

Rum Jungle Resources Ltd (RUM) is pleased to announce that today...

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    Rum Jungle Resources Ltd (RUM) is pleased to announce that today it has reached an agreement with
    Aragon Resources Ltd (Aragon) to purchase all the shares in Territory Phosphate Pty Ltd, a wholly
    owned subsidiary of Aragon.

    TERMS OF AGREEMENT

    RUM will issue Aragon with 16,000,000 shares equally ranking in the issued capital of RUM
    (presently 126,851,852 shares)

    RUM will pay Aragon $1,000,000

    Aragon will escrow 50% of its share holding for a minimum one year period
 
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