DMN 0.00% 0.1¢ datamotion asia pacific limited

re: Ann: Rare Earth Investment Acquisition Co... wow what upside...

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    re: Ann: Rare Earth Investment Acquisition Co... wow what upside potential we have here - Drilling of M12 Target (Mt Weld Style) to begin early in 2011.

    Full ann;

    RARE EARTH INVESTMENT ACQUISITION COMPLETE
    DMN finalises strategic acquisition of Universal Rare Earths Pty Ltd
    URE enters into JV with Oroya to farm-in to Mt Barrett, Moruya and Pambula projects
    Drilling of M12 Target (Mt Weld Style) to begin early in 2011
    DataMotion Asia Pacific Limited (the Company, ASX code: DMN) is now pleased to announce
    that it has completed the acquisition of Oroya Mining Limiteds (Oroya, ASX code : ORO) wholly
    owned subsidiary, Universal Rare Earths Pty Ltd (URE) by issuing 150,000,000 DMN fully paid
    ordinary shares in satisfaction of UREs obligation to reimburse Oroyas previous expenditure and
    a cash payment of $1000.
    Mt Barrett
    The main target at Mt Barrett is a discrete Bulls Eye intrusive and strongly magnetic M12
    anomaly which will be drill tested as a possible Mt Weld- style target with potential for rare earth
    elements. The Mt Barrett Project is located directly North-East of the Lynas Corporations Mt Weld
    project.
    We look forward to providing presentations on the new investment projects.
 
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