AUL 0.00% 28.5¢ austar gold limited

Ann: Trading Halt, page-49

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    AUSTAR GOLD ACQUIRES FULL CONTROL OF THE ROSE OF DENMARK MINE
    AuStar Gold Limited (ASX: AUL) (‘AuStar Gold’ or ‘the Company’) provides the following update
    in relation to the Rose of Denmark (‘RoD’) gold mine and nearby tenement holdings:
    Highlights
     AuStar Gold has acquired the remaining 51% interest in Mining Licence MIN5299; which
    hosts the Rose of Denmark gold mine, from Shandong Tianye Real Estate Development
    Group Co Ltd (‘Shandong’)
     The transaction includes other nearby gold projects located on MIN 5299, including Hunts
    and Dempsey
     The purchase price comprises $225,000 in AUL shares subject to 12 months escrow and 45
    million unlisted AUL options
     With RoD now under full control and ownership of AuStar Gold, prioritising and/or codevelopment
    of RoD is currently being considered by the Board and Management.
 
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