Mr mkt seems to like it--- "ASX ANNOUNCEMENT OPTION AGREEMENT...

Mr mkt seems to like it---
"ASX ANNOUNCEMENT
OPTION AGREEMENT FOR DISPOSAL OF MINERAL INTERESTS
Stratum Metals Limited (Stratum or Company) is pleased to announce that it has entered into a heads of
agreement under which it has granted an option to Australian Mineral Partners Pty Ltd (AMP) to acquire all
of Stratum’s interest in Menzies Gold Limited (Menzies) (100%) and Riqo Pty Ltd (Riqo) (80%), the holders of
the Company’s mineral exploration interests, and all loans owing to Stratum by Menzies and Riqo (Disposal).
Stratum and AMP shall agree the terms and conditions of the Disposal under a formal agreement in due
course.
As previously announced, the Company is in the process of satisfying the conditions precedent for its
acquisition of 100% of the issued capital in energy retailer Locality Planning Energy Pty Ltd (LPE). As a result,
the Company has been evaluating alternative initiatives to progress or divest the Company’s mineral
exploration projects.
Based on the Company’s current circumstances, the Directors consider that the proposed Disposal is in the
best interests of the Company and will allow it to focus on the LPE business to add Shareholder value.
Key Terms
The key terms of the Disposal are as follows:
1. The option is exercisable by AMP between 30 November and 31 December 2015 by notice to
Stratum in writing.
2. AMP will pay a refundable deposit of $100,000. In the event the option is not exercised this amount
(less any adjustments due and payable by AMP) shall be refunded to AMP within 14 days.
3. AMP agrees to spend a minimum of $50,000 on work commitments associated with the projects and
up to a further $20,000 at its option.
For further information on the Company’s activities, please refer to ASX announcements or the Company’s
website www.stratummetals.com.au, for the latest Investor Presentation.