PDY 0.00% 0.7¢ padbury mining limited

Ann: Deed of Termination and Release , page-13

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    ASX ANNOUNCEMENT
    30 April 2014
    DEED OF TERMINATION AND RELEASE
    On the evening of 8 April 2014, Padbury Mining Limited (ACN 009 076 242) (ASX:PDY)
    (
    Padbury
    ), Midwest Infrastructure Pty Limited (ACN
    147 636 137), Alliance Super Holdings Pty
    Limited (ACN 162 148 432) and Superkite Pty Limited (ACN 149 659 610) entered into a
    shareholders agreement (
    Agreement
    ) for the purpose of the design, procurement, construction,
    commissioning and operational management of a deep water port at Oakajee, Western Australia
    and its associated rail network (
    Oakajee Project
    ). Padbury made a market announcement in
    relation to the Agreement on 11 April 2014.
    On the evening of 29 April 2014, the parties to the Agreement signed a deed of termination and
    release in relation to the Agreement (
    Deed of Termination and Release
    ). The effect of the Deed
    of Termination and Release is to terminate the Agreement, and to release and discharge the
    parties from any claims arising under or in connect
    ion with the Agreement or its termination (other
    than in respect of the confidentiality restrictions in the Agreement).
    Padbury will continue to actively explore all
    available opportunities to exploit its existing
    intellectual property with respect to the Oakajee Project.
    Further inquiries:
    Gary Stokes
    Managing Director
    T: +61 8 6460 0250
    Terry Quinn
    Executive Chairman
    T: +61 6460 0250
 
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Currently unlisted public company.

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