Should be an announcement shortly?.......From 8th November, P4....

Should be an announcement shortly?.......From 8th November, P4.

Acquisition Terms;
CZR, through its wholly owned subsidiary KingX Pty Ltd, has entered into a binding
term sheet with Colchis Resources Pty Ltd (“Colchis”), a wholly owned subsidiary within
the Creasy Group of companies, to acquire an initial 70% interest in Colchis tenement
E47/2150 as follows:
1. Percentage interest in the Tenement CZR = 70% and Croydon Gold Pty Ltd = 30%;
2. Consideration is 40,000,000 fully paid ordinary CZR shares and 200,000,000
unlisted CZR options with an exercise price of $0.015 and expiring 31 December 2020;
3. Conditions to be satisfied include shareholder and regulatory approval, CZR due
diligence and the company completing a capital raising of not less than $6,000,000;
4. The end date for the satisfaction of the conditions is 7 February 2018;
5. A joint venture shall be established between the parties in respect of their percentage
interests and CZR shall be the manager.