Creasy has over 77 million shares in AZY
Rosane Pty Ltd <Rosane Holdings S/F A/C> 11/09/2018 4.31 77,760,420
RE CDT...Future Work
Castle intends to continue to refine its targets at Beasley Creek with the aim of defining areas for bulk (>1 tonne) bedrock samples in order to define nugget gold mineralisation within the conglomerates similar to Novo’s Purdey’s Find Prospect.
Ownership
Castle Minerals hold an 80% interest in the tenement with the balance held by Rosane Pty Ltd, an entity associated with prospector, Bob Creasy. Rosane is free carried to decision to mine. Once Castle has advanced the project to a Decision to Mine, the Vendor will be required to contribute prorata to all future expenditure or dilute according to standard industry terms.
In order to complete the transaction Castle must make a final milestone payment comprising 2.0M Castle Performance Rights that will vest as and when Castle submits a Form 5 expenditure report of greater than $500,000 expenditure.
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